Rich countries should pay more for climate change
Children of the Miskitos tribe playing near a canoe in the Coco river, Nicaragua. Climate change is having a devastating effect on the Miskito Indians who live in wooden huts in Nicaragua's western territories.
Rich countries like the UK should bear more of the cost of climate change, according to
a new Oxfam report. G8 countries owe around 80 per cent of the $50 billion needed each year by poor countries, so they can adapt to the harmful effects of climate change.
The report ranks countries based on their responsibility for carbon emissions from 1992 up to 2003, and on their ability to pay (according to the UN Human Development Index). According to this, the US should pay 44 per cent of developing countries' adaptation costs. Japan should pay for 13 per cent, Germany 7 per cent and the UK 5 per cent.
Developing countries cannot be expected to foot the bill for the impact of rich countries' emissions.
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posted at 11:33 AM
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