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As I wrote about a few weeks in the past within the e-newsletter, one of many main discussions at COP27 was about whether or not richer international locations ought to assist poorer, extra susceptible nations pay for the impacts of local weather change. Local weather disasters had been prime of thoughts this 12 months, particularly after devastating flooding in Pakistan killed over 1,000 individuals, displaced thousands and thousands extra. Whole value estimates topped $40 billion.
After two weeks of negotiations, delegates at COP27 reached an settlement on financing for loss and injury….kind of. There will likely be a fund, however how a lot is in it and the way it will work is unclear. Particulars are set to be ironed out at, you guessed it, one other UN local weather convention—COP28 is scheduled for subsequent 12 months in Dubai.
International locations paying into the loss and damages fund aren’t admitting blame or accepting legal responsibility for local weather damages. However the creation of the fund and all of the discussions round local weather injury have introduced up the query: who bought us into this mess? And who ought to be paying for it?
In terms of greenhouse gasoline emissions, historical past issues. Right here’s what I imply by that:
After I was first studying about local weather science, this logic floored me. It’s so intuitive, but it surely recast the talk round nationwide local weather accountability in my head. I’d all the time heard that China was the nation we must always all be speaking about when it got here to emissions. They’re the largest local weather polluter right this moment, in spite of everything.
However if you add up whole emissions, it’s tremendous clear: the US is by far the best whole emitter, accountable for a few quarter of all emissions ever. The EU is subsequent, with about 17% of the entire. Lastly now we have China, coming in third.
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