What developing countries need to contribute?

Image from photography Eric Brouzet honor unsplash

Which developing countries should contribute money to climate finance?

(Rinnovabili.it) – The COP27 opened the debate about who should contribute to climate finance And to what extent he has to open his wallet. By accepting the proposal of developing countries – the 134 combined in the Group of 77 – on the mechanism of losses and damages, Europe has pointed an accusing finger at China. Beijing was the hidden manager ofagreement on loss and damage But according to the United Nations Framework Convention on Climate Change, it is still considered a developing country. Although it is now the number one polluter in the world and its economy is growing rapidly towards sizes comparable to those of the United States United State.

China faces climate finance

But should China really be paying? It depends on the measurement scale you choose, to Beijing, as well as to other developing countries where pressure is concentrated. If you look at the carbon footprint, the carbon footprint of a Chinese population is half that of an American (7.1 tons CO2 vs 16), but similar to that of a European. According to another point of view, the situation is changing: the average Chinese still earns a third of the salary of a European citizen.

And again, everything changes when you think about me Historical versions, that is, those that have accumulated since 1750 until today. China has emitted a total of 220 gigatonnes of carbon dioxide in 250 years, more or less half of both the United States and Europe, which together exceed 50%, while Beijing is stuck at 13.7%. This is always more than all of South America, Africa and Germany combined. Today, China alone exports more than all developing countries.

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Another possible approach to the issue is to look only at the effects of contributing China, with its own fair shareclimate finance. In this sense, Beijing’s influence will be a game changer. According to the Overseas Development Institute (ODI) calculations, mentioned From major climate news, and fair share The Chinese will be 24%, while If historical emissions are considered, the fair share would rise even to 36%.

Other papers

These issues will be at the heart of the work of the committee set up by COP27 to decide the funding rules for loss and damage, which must reach a decision by November 2023. In addition to China, we will also have to talk about other matters. Developing countries are considered now, but different metrics show that their contribution will be due now.

Let’s talk about many Arab countries, starting from Qatargive her The United Arab Emirates And fromKingdom Saudi ArabiaPassing through SingaporeAnd the Israel and the South Korea. Doha, Abu Dhabi and Riyadh each have emissions more than Germany and at least twice as much as China since 1990, while they have among the highest per capita incomes (and emissions per capita) in the world.

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