Poor countries increase climate cash demand to $750 billion/year (from $100 billion.year) from rich countries.https://t.co/XDRDtGR2BL via @business
— Steve Milloy (@JunkScience) August 2, 2021
Bloomberg News: South African Environment Minister Barbara Creecy said countries at the COP26 United Nations climate talks in November should set a target of mobilizing $750 billion a year from developed countries to help poorer nations transition to greener energy.
Creecy, who spoke at a Presidential Climate Commission meeting in South Africa on Friday, said she made the suggestion to peers from 50 countries at a meeting in London this month ahead of the summit.
The goal is significantly higher than the $100 billion a year that was set for 2020, but which rich countries have failed to deliver on. In negotiations leading up to COP26, a compromise is emerging to push the date to 2025.
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An unpopular but irrefutable truth: the CO2 emissions of rich countries have been a huge net-benefit to poor countries. Fossil fueled make possible the rich world's incredible productivity and innovation, which have dramatically raised life expectancies everywhere.
— Alex Epstein (@AlexEpstein) August 2, 2021
The rich world should not be giving climate payouts to the poor world. But we sure as hell need to stop encouraging/forcing them not to use fossil fuels. We also need to encourage the replacement of dictatorship with freedom and the rule of law.https://t.co/mVU49kX2Rm
— Alex Epstein (@AlexEpstein) August 2, 2021
