Friday, December 09, 2022

Largest emitters in history escape their economic compensation for the global South

Largest emitters in history escape their economic compensation for the global South

11/08/2022 13:00


The United States, the United Kingdom, Canada and Australia have contributed far less than their fair share of the $100 billion climate fund, new analysis shows.

Sharm El Sheikh has achieved reopen a discussion Which has been on the air for years, but until now, had never been on the official negotiating table. To understand what it is, first you need to remember some important facts. On the one hand, as countless reports confirm, we know that the climate crisis is essentially to blame for emissions from the world’s richest countries. On the other hand, we see today that the consequences of this crisis are concentrated in most deprived areas of the planet, For a decade now, countries in the global south have been demanding from their counterparts in the north Fund for damages and damages that he The climate chaos is creating in their regions, But who should contribute more to this cause?

A new analysis from the Carbon Brief platform, published at the start of Climate Summit (COP27), weighs in on the biggest emitters in history and their Contribution to the Climate Finance Fund and concluded that, today, those largely responsible for the climate crisis continue to avoid financial compensation To the Global South. The most obvious example of this is the United States, the largest emitter in history and is responsible for nearly half carbon di oxide issued environment in the last century. According to this report, The country should contribute around $40,000 million Of the 100,000, overall, weak governments claim. But in 2020, according to the latest available data, the United States contributed only 8,000 million to the fund. This is about 32,000 million less than what it corresponds to.

This loss has been repeated with the largest issuers in history. UK, Canada and Australia They have contributed far less than their “fair share” of their historical responsibility for the greenhouse gas emissions that trigger global warming. According to the experts who prepared this report, Canadians only 37% of expected fundingThe Australians, 38% and the British, would have reached even 76% of their participation, which would be more than 1,400 million than necessary. These figures confirm that those primarily responsible for the climate crisis are running away from responsibility To deal with the consequences of the problem.

fair compensation

The report also highlights the case of countries which, on the contrary, have made a reasonable contribution to the cause. For example, Spain has contributed slightly above What would that correspond to its historical emissions. Proportionately, the Spanish government has distributed 2% more than the proposed “reasonable figure” by this balance. Germany, France and Japan are distinguished as the states that have contributed most to this balance of historical accountability climate compensation fund To the Global South.

The target of $100,000 million per year was to be met in 2020. Two years later, according to reports, still Nearly $20 Billion Missing to reach this figure. Meanwhile, the United Nations warns that the climate crisis is likely to escalate Loss and damage will increase rapidly in the global south. By 2030 it is estimated that between 140,000 and $300,000 million To mitigate the effects of climate chaos in the most deprived areas of the planet. Sharm el-Sheikh intends to strike a deal to make these numbers a reality.

World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.

Latest News

Related Stories

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Thanks for submitting your comment!