8.33pm GMT My verdict Gwynne Taraska says the moral argument for compensation by rich countries is redundant within the politics of climate change. Developed countries see the issue as a Pandora’s Box of limitless liability that they simply refuse to touch. Couple this with the reality that despite their affluence, rich countries don’t have the money to underwrite a succession of calamities like typhoon Haiyan and you have a “non-starter”, says Taraska. There is another school of thought that says, if developed countries were serious about reducing carbon emissions then they would not see loss and damage compensation as a major concern. At the very least this says something about the pessimism which surrounds the global mitigation effort. The language of this debate is slightly tortured. Advocates of the loss and damage mechanism have distanced themselves from discussing compensation directly. They say a mechanism would deal primarily with “research to minimise losses, sharing knowledge, insurance, risk retention and solidarity payments”. Taraska adds that there should be a commitment to accommodate climate refugees in developed countries. All of these measures will cost money. The claim that this is not about some kind of financial reimbursement or transaction seems disingenuous. So again we return circuitously to the question: who will… Read full this story
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