COP28 UAE: 'Loss and Damage Fund' is a landmark - but it's taken 32 years just to get here
Wealthy nations contributed nearly $300m to the fund - which will compensate poorer nations for losses from floods and crop failures triggered by climate change.
How can rich countries, which got rich by burning fossil fuels, expect poor ones to pay for the consequences of climate change they didn't cause in the first place?
Why should poor countries join an agreement to prevent the dangers of global warming by developing more expensive clean economies, when rich countries got to develop on the back of dirty ones?
It's been obvious for years, the climate game is mostly about totalitarian politics and racketeering with a heavy dose of virtue-signalling by the useful idiots. No doubt the $300m will simply disappear, but it's merely a token gesture and the insignificance of the amount is mildly encouraging.
Maybe it will go to fund a few limousines, luxurious villas and one or two useless vanity projects, but it won't go far and that's what matters. Bill Gates could fund that much without noticing it. So far it's not a bad result.
2 comments:
"Why should poor countries join an agreement to prevent the dangers of global warming by developing more expensive clean economies, when rich countries got to develop on the back of dirty ones?"
Ah, so the new clean economy is going to cost us more, is it? That's disappointing, given that we already have a permanent cost of living crisis. Perhaps the developing economies can come to our aid once we have immiserated ourselves and they have grown rich by using coal and oil. After all, we're all in this together, aren't we!
Sam - yes "expensive clean economies" is an interesting admission. Not that it wasn't always obvious, but there still seems to be a push to claim otherwise.
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