Hope and despair of vulnerable countries

Firstly, they want to know about the premium of the insurance. They demanded that the  developed countries should pay the premium of the insurance as they are responsible for global warming. There are strong lobby from insurance companies of developed countries in this regard for  pushing the  insurance under the loss and damages mechanism though they are not telling who will pay for that. Another issue which is coming from the vulnerable nations is  the inclusion of climate induce displacement in the process of Warsaw Institutional Mechanism under which the discussion of loss and damages is being taken. Regarding financing, developed countries’ position is not to go  beyond what they are contributing to Green Climate Fund (GCF) and do not want separate allocation for loss and damages, while the developing countries opted for new and additional sources of fundings.