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.
“In its latest analysis, Transparency International reports that the average corruption perception score index for sub-Saharan countries is 33 out of a possible score of 100. G77 leader Pakistan scores 28. One reason people living in poor countries remain especially vulnerable to climate change is because government thievery and incompetence have held back the economic growth that would enable them to create the wealth with which to defend themselves. Even if rich countries were willing to pony up tens of billions in climate reparations, very little of the money would likely reach the citizens who are suffering the brunt of weather disasters.”
Read the full article here.