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Economic impacts of climate crisis making some nations poorer - report

A new report on the economic impacts of climate change faced by the world's most at-risk countries has found the climate crisis has made vulnerable economies poorer.

The Climate Vulnerable Economies Loss Report has found climate-threatened nations, including those in the Pacific, lost the approximately US$525 billion in loss and damage in the last two decades.

It reveals climate change wiped out one-fifth of the wealth of poor countries, which would be twice as wealthy today if not for climate change.

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