My view: The climate loss&damage fund should also be filled by those companies who knowingly sell a dangerous product and actively mislead the public about the risks and lobby against climate policy. Precedent is the tobacco companies’ case.
still much  much cheaper for these firms that actually doing something against climate change ...
@jabgoe2089 Wouldn’t bet on that. Depends how far into the future they are liable for the damages. Much of CO2 remains in the atmosphere tens of thousands of years.
@rahmstorf Thinking about the millions of $ the lobbyists burned in Egypt. Roughly 700 registerd fossil fuel lobbyists, at least 14 days each, results in at least 1400 intercontinental flights + ~10000 hotel nights + ~10000 days of consultants fees + staff. Probably more than the whole world offered for the fund. Add don't forget the 34000 delegates with at least another 68000 intercontinental flights and another 500.000 hotel nights ... and so on. Depressing.
@rahmstorf Indeed. #PolluterPaysPrinciple can easily apply here, but also need to consider where states' culpabilities lie vis-a-vis policies that collude with #fossilfuel industry.

@rahmstorf

Absolutely, they spent decades purposefully undermining Climate Change Activism.

If not for their actions we likely would have done far more and far earlier.

@mechmouse @rahmstorf I’m not completely convinced. There are so many people just loving their big car/big house/much beef lifestyle. They wouldn’t have changed it anyway.

@UJF @rahmstorf

Oh I agree there are

But they are a minority

Most people just bustle on with their lives trying to make the best they can.

And when confronted with two opposing, yet equally official looking opinions, tend to stick with what they know or are already doing.

Petro companies misinformation campaign cast enough doubt over the science to dull its credibility and influence, and slow the needed response.

@rahmstorf We all gonna burn cuz of attraction to profit.
@rahmstorf I wish we'd stop calling it lobbying and call it for what it is, legalized bribery.
Asbestos, tobacco, oil, gas, pharmaceuticals, health care, the media, social networks.
Not all dangerous per se, but controlled by big money they are dangerous as they influence peoples lives which all cause excess deaths and inequality.
@rahmstorf @mojomoomoo Strange that you mention products like asbestos and tobacco together with medicine or media.
@UJF @rahmstorf
They are all products that are controlled by the super wealthy, they are all consumed. The media is manipulated, targeted, twisted abused for humans gains. Free press is being squeezed.
Medicine was in the past created by people who gave their lives for the improvement of health often testing on themselves to prove theories.
Today especially in the US, patents are snapped up and prices inflated, take insulin which is incredibly cheap to make yet being sold for sky-high prices.
@UJF @rahmstorf
This then feeds into the need for health insurance which the sale of is controlled cross state.
Just like asbestos and tobacco did in the past, pharma and health care lobby, keeping patents locked for medicines , stopping cross border health insurance sales which keeps prices high as there is no competition.
Bad things were sold as good and good things are controlled in a way that makes them bad.
@rahmstorf @mojomoomoo As far as you’re talking about the US, I tend to agree mostly. In Europe, it’s not that bad, except in certain countries.
@UJF @rahmstorf
The UK is going that way unfortunately. Agreed a lot of Europe have been resistant, Hungary doesn't even have Amazon.
@rahmstorf This. Exactly. Perhaps enact windfall profit taxes on these firms and use the proceeds to pay the loss and damage fund
@rahmstorf straight up great idea.. but first you have to get them to understand that it's in their best interest.
I suspect that THAT will end up being a violent and ugly ( but winnable) fight.
@rahmstorf couldn’t agree more!👏
@rahmstorf this is a big part of why these corporate monsters laugh at their wholly-owned politicians and don't feel the need to pay us any kind. They're getting 1,000x returns on their investments. Spend a million to make a billion? Easy math for them
@rahmstorf
Ein sehr interessanter Ansatz. So etwas muss sehr viel mehr implementiert werden.