Oil and gas companies must pay for climate damage, global survey finds

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Making polluters pay is not only fair, but popular and effective, says Greenpeace International

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Oil and gas companies profiting from high emissions should bear the most responsibility for paying for the effects of climate change, a new survey has found.

“This would be key for annual climate-related loss and damage costs, estimated to be between $290 to $580 billion by 2030 in low-income countries, as well as for reducing the emission of heat-trapping greenhouse gases and adapting to the impacts of the climate crisis in all countries,” it said. Respondents in developed nations were less concerned, which is “associated with a perception that it will not affect them individually”.

The survey found wide gaps between Global North and Global South countries regarding their exposure to the climate crisis.

 

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