Should the developed world pay for climate change? - Al Jazeera English
Should the developed world pay for climate change? | Climate Crisis | Al Jazeera
Video Duration 28 minutes 05 seconds Inside Story
Should the developed world pay for climate change?
As the US and China restart talks, debate is continuing over who should fund efforts to combat the climate crisis.
As global temperatures break records, climate envoys from the United States and China are meeting in Beijing.
But political disputes have strained ties between the world’s top two emitters of greenhouse gases.
So, can they find common ground?
And will developed nations help more vulnerable ones adapt to climate change?
Presenter: Adrian Finighan
Guests:
Saleemul Huq – Director of the International Centre for Climate Change and Development, a research organisation
Oulie Keita – Executive director of Greenpeace Africa
Asad Rehman – Executive director of War on Want, an anti-poverty charity
Published On 17 Jul 2023
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”