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Rich nations should help the poorest.

 


The head of the UN has called for a new «climate solidarity pact» in which rich countries would help poorer nations financially, singling out the US and China, saying they had a «particular responsibility» to make it a reality. UN secretary-general António Guterres said the international financial system should be reformed to support lower-income countries burdened by debt and needing money to recover from natural disasters. In addition, all countries should make an «extra effort» to cut emissions and end the building of coal plants, he told the opening session of world leaders at COP27. «We are on a highway to climate hell with our foot still on the accelerator».

His climate envoy, John Kerry, is trying to build support for a system in which governments would earn credits for cutting their power sector’s emissions that companies could buy to offset their output. He said he recognised the «injustices» of climate risks and impacts around the world, calling on multilateral institutions such as the World Bank and IMF to do more to support vulnerable nations and catalyse private sector investment. « We simply do not have the financial resources».

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  1. Patrick8 November 2022 at 15:46

    Making changes for the good of the planet is taking so long. We don't have enough time to take it slow and a lot of measures should have been in place 10 years ago. I don't think we will be able to stop these climate changes, it's just not going to happen when there are many individuals interested just in their bottom line. They don't care about the planet or poor people. And some of them control huge corporations that add the biggest pollution worldwide.

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