Insurance against extremes where premium is paid by developed countries and private sector needs to be explored

The Ministry of External Affairs in conjunction with TERI hosted a side event at the India pavilion today on building a resilient future for the island nations. Small island nations are important for global development and the climate change brings with it challenges which have been raised at a global platform. 10 million people from these nations are vulnerable to floods, droughts, quakes, tsunamis. Therefore it becomes very important for the developed countries to support these island nations for an effective coordination and engagement across governments to bring the solutions to life. A clear focus on cross cutting issues that should be considered include sharing of technical expertise and application, financial models, the coordination of climate actions; capacity-building; stakeholder engagement; implementing & financing the NDC.


The Indian pavilion at COP-23 will offer a unique opportunity to showcase India's positive actions on climate change to the global audience through events/ exhibits in the nature of panel discussions, presentations, conferences, interviews, press conference, short movies, documentaries, lectures, demonstrations, showcasing of exhibits etc.

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