Who should pay for climate change damage? – BBC Newsnight

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  • The effects of climate change have a cost and Loss and Damage compensation has formally made it on the COP27 climate summit agenda for the first time.

    Newsnight’s Science Correspondent Kate Lamble looks at exactly what this may mean for many developing countries, which have low fossil fuel emissions but have suffered heavy consequences from climate change, with infrastructures washed away and population forced to relocate.

    Gaston Browne from the Alliance of the Small Island States, who dubbed the compensation of countries most affected by the devastating effects of climate change as “climate justice”, advocates for holding large producers of fossil fuel energy to account.

    However, developed nations have long been resistant to the idea they may hold any legal liability. Professor Lisa Vanhala from UCL argues this resistance has grown over time, with its culmination at the 2021 Glasgow COP26 when the US and the EU rejected the Loss and Damage proposal put forward by developing countries.

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    Who should pay for climate change damage? - BBC Newsnight

    The effects of climate change have a cost and Loss and Damage compensation has formally made it on the COP27 climate summit agenda for the first time.

    Newsnight’s Science Correspondent Kate Lamble looks at exactly what this may mean for many developing countries, which have low fossil fuel emissions but have suffered heavy consequences from climate change, with infrastructures washed away and population forced to relocate.

    Gaston Browne from the Alliance of the Small Island States, who dubbed the compensation of countries most affected by the devastating effects of climate change as “climate justice”, advocates for holding large producers of fossil fuel energy to account.

    However, developed nations have long been resistant to the idea they may hold any legal liability. Professor Lisa Vanhala from UCL argues this resistance has grown over time, with its culmination at the 2021 Glasgow COP26 when the US and the EU rejected the Loss and Damage proposal put forward by developing countries.

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    Website: https://www.bbc.co.uk/newsnight
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    #BBCNews #BBCNewsnight

    Comments

    margaret hill says:

    Big companies that cause it.

    Giel van den Berg says:

    But who give their money to those companies?

    Taurus Space says:

    But everything causes it… Humanity… other animals… but what can you do?

    Grundl says:

    @Taurus Space quite a lot actually just not enough people can be arsed to save our planet

    Taurus Space says:

    @Grundl Yep! And I can’t be bothered either let’s just pass it on the next generation

    Brian Nave says:

    Extreme Climate Change: The 1933-1938 Period Was One of Very Severe Weather Events, Including Global Heat Waves
    Taxpayer funded climate-doomsday scientists and the mainstream media ambulance chasers perpetuate the myth that today‘s severe weather events are a result of human-CO2 caused extreme climate change – actually, today’s bad weather seems rather mild to similar events decades before large human CO2 emissions

    Donna Cabot says:

    The 100 companies that this so called crisis can be directly linked back too.

    IsraelDiegoRivera Genius2 The real Genius says:

    No to vaccine passports, mandates or lockdowns.

    Rebekka Hay says:

    Why?

    Curtis says:

    Simple, isolate the top companies that contribute towards carbon emissions with no plans to go green. Give them an expedited mandate to start going green/eco-friendly/sustainably sourced, if that company then refuses that mandate or shows no signs to withdraw from current destructive actions, pull the plug on their company. Enforce economic business sanctions, tank their stocks, refuse to set end-terms until they begin to comply with an eco-friendly production strategy. If it is a company that has already sown irreversible damage to our environment, hold them to the full cost of account, up and after the point of bankruptcy, even imprisonment if corporate executives can be directly linked to fault. Use those funds to set up local aid groups with established and vetted nonprofits dedicated towards eco-conservation. Make it abundantly clear that blatant disregard for this planet will be met with swift and unrelenting retribution.

    James Smith says:

    ‘Climate Damage’. In 1950, Pakistan had 30,000,000 people 3,000 of them died in floods That’s 1 in 10,000
    In 2022, it has 230,000,000 people1,000 of them died in floods That’s 1 in 230,000.
    Where’s the ‘climate damage’ some think we should pay for?

    Curtis says:

    @Happyjon n using a combination of direct-reduction mineral extraction that can then be fed into electric arc furnaces powered by green energy for further refinement. It is already being done, this isn’t 1956 anymore.

    Happyjon n says:

    @Curtis I love how all you eco-activists think you know everything, if you are so smart genius, why aren’t you and your buddies running all these companies?

    Planefan 08 says:

    @Happyjon n Steel can be made without fossil fuels. Some companies are starting to do it. Nevertheless, it’s the exception. Most major industries have ready alternatives

    Curtis says:

    @Happyjon n bud, I am FAR from thinking I know everything. I know only what I know, only what I’ve learned and studied, same as you and the next person to comment on this chain. I am only offering my research-informed opinions on alternative solutions to issues plaguing our planet, something I believe anybody should join in and embrace conversation without division. We will only ever find a solution by talking all sides through.

    Martin Spamer says:

    Make the big energy criminal profiteers pay for it not ordinary tax payers who are also victims.

    sigmattew says:

    ye… the thing is developed countries are the ones able to find a solution and i would rather see that money spent for a green economy transition rather than founding corrupted governments like Pakistan. Solomon Island is a perfect example of why this is a bad idea and it will slow down even more the transitiom from fossil fuels

    Shank The Bat says:

    The same people who always have to pay, the poor. I’m shocked to find anyone thinks that’s not going to happen.

    Kent says:

    You know you could work for 40 years to have $ 1M in your retirement 😊, meanwhile some people are putting thousand of in investment now they are multimilionaires .

    Bernardo says:

    She’s on what’s Apk Messenger

    Bernardo says:

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    goh cheesin says:

    Wisdom is the key word.

    Jim Court says:

    Complaining about missing out on growth , about the countries that created the very concept of industrial growth in the first place . Is this a joke

    Brad Davidson says:

    The Sun should pay the ultimate price
    for bring us out of that ice age.
    Damn the Sun, damn it to hell !!!

    Robert Yi says:

    How complicated can this get. Consider slavery in the america from Brazil to United States. Who pays for reparations if it is ever paid. All who benefited from it. The consumer of the product and producer. You name it. At the least education. Let’s take example of Haiti. The France entirely benefited from the export of sugar from its slave plantation on Haiti. Instead the isolated scholarship awarded for Haiti citizen France to correct its exploitation of humans from its past.
    Now apply this to climate change. Should the nations that polluted the earth be penalized for it. Yes but how. I believe by assisting nations to avoid the steps that has polluted earth could be step in right direction.

    Michael Yun says:

    Make the world 30% richest person and corporation pay for it. Normal person should not pay a penny and government should not have to increase tax or take away finding for its citizens. The rich got rich from it so make them pay.

    Tiltgameover says:

    I don’t care who pays the UK is not to blame we just want to pick up the bill to hold on to the illusion that we are important.

    Andi says:

    There’s no one to blame. We’ve been hearing about it since the 70s and nothing was done. The people who could make the big changes to impact the entire world have other priorities than the future of the world. Sick and sad that it’s where we are. All of the leading sciences conclude we are on the cusp of being too late and they are not seeing the action it would take to make the change in time. We are guaranteed a degree and a half increase by 2050.

    James Smith says:

    ‘Climate Damage’. In 1950, Pakistan had 30,000,000 people 3,000 of them died in floods That’s 1 in 10,000
    In 2022, it has 230,000,000 people1,000 of them died in floods That’s 1 in 230,000.
    Where’s the ‘climate damage’ some think we should pay for?

    Andi says:

    @Blueowl Will it’s supply and demand. The voices denouncing global warming were louder than the ones trying to warn us.

    Lisa Chambers says:

    Anyone that is a consumer is the problem. Anyone having children irresponsibly is part of the problem.

    Andi says:

    @Lisa Chambers oh come on that is just vague enough to pass inspection.

    Shazam says:

    There is. and its Asia, especialy China 🙂

    Johnny Patrick says:

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    Donald Edward- says:

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    Michael Rohloff says:

    Yes and me too investing is the fastest way to Financial freedom. Investing is building wealth and that has been my priority thanks. 🙏

    Liam Andrew says:

    @Donald Edward- Thank you for this. Will definitely reach out to him now. Thanks again

    Simon Gee says:

    Is anyone really stupid enough to believe these scam investment conversations in Google Translate English?

    James Smith says:

    ‘Climate Damage’. In 1950, Pakistan had 30,000,000 people 3,000 of them died in floods That’s 1 in 10,000
    In 2022, it has 230,000,000 people1,000 of them died in floods That’s 1 in 230,000.
    Where’s the ‘climate damage’ some think we should pay for?

    Current A f says:

    You should also take into consideration some developments of infrastructure over past decades.

    Public Public says:

    The global economic system has to change either peacefully or violently.
    Take your pick.
    You either still have your survival instinct or you don’t
    and WE HAVE A RIGHT TO DEFEND OURSELVES.

    Miguel Martin says:

    Governments should, without citizens’ stolen taxes.

    Vi Ki says:

    I feel the wealthiest 1% who is responsible for making the thickest carbon footprint must be made accountable and moving forward must change and act responsibly.

    Also, many think that by diverting the activities impacting climate change and depleting natural resources to third world/developing nations is a clever tactic to subside immediate local concerns. But the truth is, no matter where it is done it will impact our global environment big time and developing nations from my experience have little or no regard for the environment or even their own communities. They diplomatically say we will do anything for money. I don’t know how to put it but from interaction with different people from different parts of the world (atleast to some extent) I kinda feel people are becoming more n more evil and are willing to do anything or go any distance in wrong ways as long there is personal monetary gain.

    Super Nova says:

    If governments don’t print money for infrastructure projects they should not be allowed to print money at all.

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