Rich countries agreed to pay developing nations for climate damage - collecting the money will be tough | Business Insider

Catherine Boudreau/InsiderFossil fuel interests prevailed, with countries walking away with few new plans to curb pollution.In the end, no one got everything they wanted at the United Nations' climate summit. — 30 years in the making — for rich countries to pay developing nations for the damages they are already facing from a warming planet.

"This COP has taken an important step towards justice," Guterres said."But let's be clear. Our planet is still in the emergency room. We need to drastically reduce emissions now — and this is an issue this COP did not address. A fund for loss and damage is essential, but it's not an answer if the climate crisis washes a small island state off the map or turns an entire African country to desert.

The Biden administration changed its position ahead of COP27 and supported putting the issue on the formal agenda and Europe was key in brokering the final deal with small island states. The specifics of what countries will pay still need to be hashed out over the next year, with John Kerry, the US climate envoy, calling on China to contribute. That country, despite being the world's largest polluter, is considered a developing country by international institutions and therefore isn't obligated to contribute to climate finance.

You can start earning from the comfort of your home, if you are just interested message 👇👇👇👇👇👇 Thomas__Lawson

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Luno partner Genesis is reportedly warning of bankruptcy if it doesn't get new funding | Business InsiderGenesis was seeking at least $1 billion in fresh capital, Bloomberg reported, with the race for cash for its lending unit set off after FTX imploded.
Herkunft: BISouthAfrica - 🏆 34. / 51 Weiterlesen »

Belgium is seizing so much cocaine its incinerators can't keep up | Business InsiderThe Port of Antwerp is on track to seize $5.1 billion worth of cocaine by end of 2022 — a huge target for criminals. But BISouthAfrica Use the army to protect, open fire on any criminal element who approaches. Simple.
Herkunft: BISouthAfrica - 🏆 34. / 51 Weiterlesen »

Elon Musk fired Twitter's head of sales after she refused to sack more employees | Business InsiderElon Musk begged Twitter's head of sales Robin Wheeler not to resign, but then sacked her anyway after she refused to fire more employees.
Herkunft: BISouthAfrica - 🏆 34. / 51 Weiterlesen »

A 26-year-old South African is teaching the Dutch about African coffee | Business InsiderSouth African Stean Fasol works with East African coffee growers, and uses anaerobic fermentation to give Dutch drinkers an alcoholic flavour in their brew.
Herkunft: BISouthAfrica - 🏆 34. / 51 Weiterlesen »

Business Maverick: FTX Collapse Ensnares Creditors Big and Small All Over the WorldFrom a German bank seeking a more than $2 million payment to a Chinese investor requesting $21,000 of lost savings. Claimants around the world who were caught up in the epic collapse of FTX Group are beginning to appear in court filings.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »