Pakistan Leads Charge for Climate Justice at COP27
The have-nots need lots of cash to tackle climate change. Can they be trusted with it?
November 9, 2022 (Foreign Policy)—Pakistan, which has been battered by climate catastrophes for the past decade, is leading the call for rich nations to compensate poor countries for a crisis they did not cause. But concerns abound over where that money will go in places that often pair poverty with corruption.
Pakistan is responsible for less than 1 percent of global carbon emissions but is among the most vulnerable to extreme weather events. This summer’s monsoon rains and floods inundated one-third of the country, destroying farmland, displacing millions of people, and killing nearly 2,000. Economic losses have been estimated at up to $40 billion.
Pakistan is a “victim of something with which we had nothing to do … a man-made disaster,” Pakistani Prime Minister Shehbaz Sharif told delegates at the 27th U.N. Climate Change Conference, or COP27, in Sharm el-Sheikh, Egypt, this week. As a vice chair of COP27, he’s pressing the case for a “loss and damage” financial mechanism that would oblige developed countries to help “victim” countries pay for the impact of climate change and to prevent energy-poor countries from becoming part of the problem by transitioning to cleaner sources of energy.
READ MORE: https://foreignpolicy.com/2022/11/09/cop27-pakistan-climate-loss-damage-floods-aid/
Botom line is rich nations wont pay for past polluting