Ron Bailey of Reason reports on climate reparation discussions at COP27.
- A bloc of poorer countries, led by Pakistan, wants the United Nations to implement a mechanism in which richer countries would pay trillions of dollars in climate reparations.
- While it is true that the majority of emissions in the atmosphere are from developed nations, paying reparations is not the most effective way to improve mitigation efforts in developing, highly-corrupt countries.
- Nations such as America can lead international efforts by exporting innovation and economic freedom to nation’s around the world.
Read the full article here.