According to Nicholas Stern and Vera Songwe, two economists, by 2030 poor countries will need somewhere in the region of $2trn-$2.8trn a year of investment to combat climate change. The Climate Policy Initiative, a think-tank, estimates that in 2021 total climate investments, in both rich and poor countries, amounted to $650bn. In the catchphrase of the climate-change world, the financial system needs to “turn billions into trillions”.
The problem with the division is not the principle—that polluters should pay—but that it is stuck in the past. Israel, Singapore and Qatar are now affluent, and more responsible for emissions than many of the original Annex II gang. According to analysis by the, another think-tank, Kuwait, the United Arab Emirates and South Korea are also candidates for a revamped Annex II-style grouping. The new climate lender should establish a clear threshold for historic emissions per person.
This big balance-sheet will have to be used well. One option to get the most out of its firepower is to offer debt relief, allowing poor countries fiscal space to invest themselves. But just as thedoes when it provides assistance to highly indebted countries, the new climate lender would have to insist on some degree of reform in exchange.
'A green bank' = more debts 🙄🙄🙄
Make ever loan have a term that they must plant X amount of trees to satisfy the loan.
am very grateful to all you have done for me over all this while when trading with you. now I am in my own apartment thank you so much marksuster02 have gotten all I lost back.
Spolier: they wont ... we can barley figure how to finance it in Europe and USA ...
Dovete arrivarci al 2030 ancora. State sereni.
Absurd. This is just a mechanism to loot advanced economies.
Developing countries emit 73% of CO2
human civilization will be over
Fire up the money printers! 🤮
richest countries pushing themselves into a nuclear war and come to talk about climate change? This is stupid, it’s money to buy corrupts from the governments of these poor countries and maintain the presence of rich countries.. you’r only keeping an eye on natural resources.
by run the dollar money machine for 24 hours . and then infliation then down the system and there will be new system in the world.
FED can simply print the money!
Developing countries emit 73% of CO2
Change your Mag's name, for God's sake
I just learned of (yet another) scheme to keep poor countries poor, this one by France. Stopping this kind of legal theft would be a good start.
so it means no combat!
WOKE
Ear shit you globalist scum.