Who Should Pay for Climate Crisis? Global South Demands "Loss and Damage" from Wealthy Nations
November 16, 2022
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15:59Now PlayingWho Should Pay for Climate Crisis? Global South Demands "Loss and Damage" from Wealthy Nations
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as posted by the channelWe are broadcasting from COP27, the U.N. climate conference in Sharm el-Sheikh, Egypt, where poorer countries in the Global South that are weathering the worst effects of the climate crisis are calling for wealthy nations to pay reparations in the form of climate financing. "We need a global plan to phase out fossil fuels in a just and equitable manner," says Harjeet Singh, head of global political strategy with Climate Action Network and global engagement director of the Fossil Fuel Non-Proliferation Treaty. He adds that the United States is the main impediment to "loss and damage" climate financing. "Money is available, but [the] U.S. has always blocked money going to poor people who are suffering from climate impacts," he says.
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