One of the most hotly debated topics at the COP26 climate conference will be climate finance - essentially, how we distribute the costs of climate change.
He added:"As rich countries, we industrialised early, effectively buying ourselves economic prosperity at the cost of significant carbon emissions. These emissions now threaten lives and livelihoods in developing nations." Ian Mitchell, senior fellow at CGD and one of the authors of the research, says that one reason for the UK's lower burden is that the model does not include emissions before 1979 because of a perceived step-change in climate awareness at this point.
The UK has managed to decouple economic growth and emissions, increasing living standards while still cutting its carbon footprint. But achieving low-carbon growth is more challenging for poorer countries.
Obviously the poorest will pay
Send the bill to China America will pay the tip
It is called taxation and consumer price increases, not finance.
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