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HomeNewsShould rich countries pay climate 'reparations'? What the COP27 debate means

Should rich countries pay climate ‘reparations’? What the COP27 debate means

“Now we have a hurricane season yearly from July to it’s wanting like December — it’s increasing yearly,” mentioned Rochelle Newbold, the Bahamian authorities’s particular adviser on local weather change. 

“Yearly, the Bahamas might face a $3.4 billion hit,” she added. “In no sense of the phrase is that sustainable.” 

Losses confronted by the Bahamas throughout excessive local weather occasions are tough to quantify in purely financial phrases. Abaco, an island identified for its shipbuilding and ocean farming, suffered 87% of the harm of Dorian, in line with the Inter-American Growth Financial institution.

“We’re shedding people which have that historic information and artisanal ability units that will have been handed on to the subsequent era of Bahamians,” Newbold mentioned. Local weather migration is why she thinks, at COP27, nations would possibly lastly act on offering funding for loss and harm, given persistent political divisions over immigration worldwide.

‘A constructive motion’

She is likely to be proper. Two weeks earlier than COP27, U.S. local weather envoy John Kerry informed reporters that the Washington would “not impede” new talks on loss and harm finance. 

However some activists fear that cash nonetheless isn’t coming quick sufficient or being distributed equitably.

“This cash doesn’t usually keep on the African continent, or locations the place the cash is required most to resolve issues,” mentioned Jonathan Gokah, a co-ordinator for Kasa Initiative Ghana, a local weather marketing campaign group based mostly within the capital, Accra, referring to Denmark’s pledge of $13 million in September. He added that pledges for finance from Western nations have been typically made with circumstances that activists and communities on the bottom work with worldwide consultancies, creating jobs for worldwide support employees, not Ghanaians. 

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