CIEL & partners are watching closely and demanding: 1️⃣ A binding finance strategy rooted in responsibility 2️⃣ Community-led access from the start 3️⃣ Rights-based modalities The world is watching. The Fund must not remain an empty shell. #FillTheFund #PayUp #ClimateDebt #COP30
💸 Rich countries can pay. They just choose not to. Fair shares: 🇺🇸 US: $155.5B/yr 🇩🇪 Germany: $34B/yr 🇬🇧 UK: $28.7B/yr G7 spent $1.2T on militaries last year - gave just $348M to the Fund. We know their priorities. Time to shift them. #PayUp #ClimateDebt

Scholars and activists have long argued that the overshooting countries owe a #ClimateDebt to the undershooting countries, which should be reckoned in terms of #reparations for losses and damages due to climate breakdown.

#cimate #climatejustice

Africa: Wealthy Nations Owe Climate Debt to Africa - Funds That Could Help Cities Grow: [The Conversation Africa] Wealthy nations fuelled their industrial growth and urbanisation by burning fossil fuels. This was the biggest cause of climate change, which now affects every country in the world, even developing countries in sub-Saharan Africa which are responsible for less than 4% of global… http://newsfeed.facilit8.network/TJlk99 #ClimateChange #ClimateDebt #GlobalWarming #SustainableDevelopment #Africa

Nachtrag: weil ich gestern in der Tagesschau das Wort "Geberländer" gehört habe, als es um die reichen Länder geht, diejenigen, die über Jahrhunderte die Atmo zugemüllt haben: *wir* sind hier nicht Geberländer, wir sind die Schuldner in dem Kontext.

#climatedebt #climatereparations

A joint letter signed by three Caribbean leaders after this summer’s Hurricane Beryl noted that small island nations faced “insupportable” debt, not because of reckless spending, but because of the “elevated cost of repeated rebuilding after intensifying climate-related shocks.” https://www.washingtonpost.com/climate-environment/2024/10/04/dominica-hurricane-passports/ #ClimateChange #Caribbean #hurricane #ClimateShock #ClimateDebt
To protect itself from disaster, this country’s leaning on an unusual source of cash

Dominica is using revenue from its citizenship-by-investment program to fund its ambitious plans to become more resilient against hurricanes in the Caribbean.

The Washington Post

Interesting idea that frames rich countries as having a "climate debt" to poor coutries:

"The economist Fadhel Kaboub suggests a way out: the World Bank and IMF could lend money to historical polluters to help them pay for their #ClimateDebt to poor nations. "

(But when Keynes proposed it in a different context, the US vetoed it).

https://www.theguardian.com/commentisfree/2024/apr/24/the-guardian-view-on-globalisations-discontent-its-not-right-for-poor-countries-to-fund-the-rich

The Guardian view on globalisation’s discontent: it’s not right for poor countries to fund the rich

Editorial: Wealthy nations exploit their position as the world’s bankers to siphon off hundreds of billions from the needy

The Guardian
Revealed: How colonial rule radically shifts historical responsibility for climate change - Carbon Brief

Historical responsibility for climate change is radically shifted when colonial rule is taken into account, Carbon Brief analysis reveals.

Carbon Brief

#CO2 #carbon #emissions
#climateDebt #quotas

Past emissions from the British Empire "double the UK's climate responsibility", making it one of the biggest CO2 emitters in history. Carbon Brief, the British news website dedicated to global warming, takes into account carbon dioxide emissions from countries formerly under British colonial rule, mainly the destruction of forests in India, Burma and Nigeria before their independence. This new data moves the United Kingdom from eighth to fourth place in the list of countries with the highest historical emissions, behind the United States, China and Russia.

https://www.carbonbrief.org/revealed-how-colonial-rule-radically-shifts-historical-responsibility-for-climate-change/

#deforestation #coal #industry #industrialization #carbonFootprint #UK #GreatBritain #empire #colonisation #history #climateChange #responsibility #CarbonBrief

Revealed: How colonial rule radically shifts historical responsibility for climate change - Carbon Brief

Historical responsibility for climate change is radically shifted when colonial rule is taken into account, Carbon Brief analysis reveals.

Carbon Brief