Essay by Eric Worrall
Developing countries are growing increasingly frustrated that rich countries have failed to contribute to Dear Leader’s ESG Mercedes Benz fund.
Climate change compensation fight brews ahead of COP27 summit
By Kate Abnett
BRUSSELS, Aug 8 (Reuters) – Tensions are mounting ahead of this year’s U.N. climate summit, as vulnerable countries ramp up demands for rich countries to pay compensation for losses inflicted on the world’s poorest people by climate change.
When diplomats from nearly 200 countries meet on Nov. 7 in the beachside resort town of Sharm El Sheikh, Egypt, negotiations will tackle how to cut the CO2 emissions causing climate change and cope with existing climate impacts, including deadly heatwaves, wildfires, rising seas and drought.
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But another issue is likely to dominate the talks: “loss and damage,” or climate-related destruction to homes, infrastructure and livelihoods in the poorest countries that have contributed least to global warming.
As COP27 approaches, climate losses are surging – in rich and poor countries alike. In recent weeks, wildfires have swallowed huge swathes of land in Morocco, Greece and Canada, drought has ravaged Italy’s vineyards, and fatal floods hit Gambia and China. read more
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Wealthy countries also failed to deliver a promise for $100 billion a year by 2020 to help poor countries lower emissions and prepare for climate change. read more Loss and damage payments would be in addition to that $100 billion.
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Read more: https://www.reuters.com/business/environment/climate-change-compensation-fight-brews-ahead-cop27-summit-2022-08-08/
You have to see it from the point of view of poor country delegates.
Former Iraqi dictator Saddam Hussein’s son Uday famously used to torture sports stars if they failed to return with gold, when they participated in high profile international tournaments.
I’m not sure what the punishment is for failing to return from a COP conference with a suitcase full of cash, but with all that promised cash still failing to flow, being a COP delegate for some of the world’s more excitable national leaders doesn’t seem like a job with good long term survival prospects.
Loss due to Climate Change?!?
How do you separate “Climate Change Loss” from extreme weather events that have occurred every year since Noah build his ark?
Yes. Perfect.
China, Russia, Brazil gonna show up or not? My $ is on not.
I’m hoping that all of these cash demands will be the straw that finally breaks the camels back for many western politicians.
They can blather all they about climate emergency and borrow some money to throw at buddies peddling RE crap, but when it becomes necessary to put up or shut up with all these developing countries putting out their hand for trillions in kickbacks, I’m betting the settled science suddenly becomes much less settled
Yes it’s time we got back to the science and stop dwelling in polluting politics, and who’s going to pay for non existent climate emergencies. Pull the settled science apart and see the rotting corpse of AGW float down the river of alarmist drivel.
Send us your money.
In return we will support the German economy by buying the latest Merc and Audi models.
“…demands for rich countries to pay compensation for losses inflicted on the world’s poorest people by climate change…”
That suggest that the climate in all poor nations has gotten worse. No doubt in some poor nations, the climate has gotten better. Will those nations thank the “rich world”?? Maybe they can be charged by the rich nations for that improvement.
I think COP27 might be a stretch too far for some countries. The Russian special operation might become extra special soon, and the massive energy bill hikes in many EU countries might make people think twice as to the defn of a real crisis. The money is running out.
I propose a “Climate Change Windfall Profits Tax” to make sure everything is net zero
When we take the profit out of it, there will be no will to continue
The greater the COP number, the greater the world’s CO2
Time to abolish COPs
Did you happen to notice the copyright date on the cartoon? Yes, it’s been updated some since then, but it still rings true.
it’s far worse
global warming pseudoscience has already destroyed trillions of dollars in production and lowered living standards by as much as 10% — and much more in places in like Sri Lanka