Essay by Eric Worrall
Growing international locations are rising more and more annoyed that wealthy international locations have didn’t contribute to Expensive Chief’s ESG Mercedes Benz fund.
Local weather change compensation struggle brews forward of COP27 summit
By Kate Abnett
BRUSSELS, Aug 8 (Reuters) – Tensions are mounting forward of this 12 months’s U.N. local weather summit, as susceptible international locations ramp up calls for for wealthy international locations to pay compensation for losses inflicted on the world’s poorest folks by local weather change.
When diplomats from practically 200 international locations meet on Nov. 7 within the beachside resort city of Sharm El Sheikh, Egypt, negotiations will sort out how you can lower the CO2 emissions inflicting local weather change and address current local weather impacts, together with lethal heatwaves, wildfires, rising seas and drought.
…
However one other difficulty is more likely to dominate the talks: “loss and injury,” or climate-related destruction to houses, infrastructure and livelihoods within the poorest international locations which have contributed least to world warming.
As COP27 approaches, local weather losses are surging – in wealthy and poor international locations alike. In latest weeks, wildfires have swallowed big swathes of land in Morocco, Greece and Canada, drought has ravaged Italy’s vineyards, and deadly floods hit Gambia and China. learn extra
…
Rich international locations additionally didn’t ship a promise for $100 billion a 12 months by 2020 to assist poor international locations decrease emissions and put together for local weather change. learn extra Loss and injury funds can be along with that $100 billion.
…
Learn extra: https://www.reuters.com/enterprise/atmosphere/climate-change-compensation-fight-brews-ahead-cop27-summit-2022-08-08/
You need to see it from the standpoint of poor nation delegates.
Former Iraqi dictator Saddam Hussein’s son Uday famously used to torture sports activities stars in the event that they didn’t return with gold, after they participated in excessive profile worldwide tournaments.
I’m unsure what the punishment is for failing to return from a COP convention with a suitcase full of money, however with all that promised money nonetheless failing to circulate, being a COP delegate for among the world’s extra excitable nationwide leaders doesn’t seem to be a job with good long run survival prospects.
