Poor states ‘need extra cash to combat climate crisis threats’

(The Guardian, 1 Dec 2019) Rich should foot bill for impact on developing nations, report claims.

A new international organisation should be set up to raise and distribute funds to nations who will suffer the worst impacts of global heating.

That is the key conclusion of a UK report – Addressing the Impacts of Climate Change – that will be debated this week at the COP25 climate talks in Madrid. The authors argue that the cash raised by the new body should be used in addition to the $100bn a year rich countries have pledged to help poorer nations cut their carbon emissions and adapt to the climate crisis.

These new funds would compensate nations who suffer the most acute effects of rising temperatures, in terms of the cultural devastation, loss of traditional jobs and eradication of biodiversity inflicted on them.

“Many countries most affected by climate change did little to cause it, yet they face significant losses and damages,” state the report’s authors, Rebecca Byrnes and Swenja Surminski of Grantham Research Institute on Climate Change and the Environment.

Funds to compensate for that loss and damage are now desperately needed, and cannot be delayed, they insist.

This week’s international climate meeting will be held in Madrid after political disturbances in Chile, its original host country, forced a change of venue. Delegates are expected to focus most attention on market mechanisms that could best achieve carbon emission cuts and on the losses and damages to culture, livelihoods and biodiversity facing developing nations on a heated planet.

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The Guardian, 1 Dec 2019: Poor states ‘need extra cash to combat climate crisis threats’