The spotlight at this year’s United Nations climate change conference (or COP27) has focused on “loss and damage”—a euphemism for climate reparations—which is on the official agenda for the first time. Climate-vulnerable developing countries seek compensation from the countries that have done the most to warm the planet. There is no chance of reparations commensurate with the true cost to developing countries, which studies estimate at hundreds of billions of dollars per year. What rich countries have committed to loss and damage has mostly come from Europe: about $250 million from Austria, Belgium, Denmark, Germany, and Scotland.
Europe’s contributions to loss and damage—and toward climate adaptation in the developing world—are commendable, but it must also remain focused on its own vulnerability to direct climate impacts.… Seguir leyendo »