All articles tagged with #wealthy countries
Dr. Matthew Harris argues that wealthy countries should learn from innovative healthcare programs in the Global South instead of assuming that the West has the best healthcare.
Wealthy countries have reduced their financial commitment to helping developing nations cope with the impacts of climate change, with aid for climate adaptation falling to $21 billion in 2021, a 15% drop from the previous year. The United States saw one of the largest reductions in climate adaptation aid, with a 47% decrease. However, developing nations will need between $215 billion and $387 billion annually this decade to protect against climate shocks, which is significantly higher than the amount committed by wealthy countries. The report highlights the growing demand for adaptation assistance and the need for increased ambition in climate action.
Rich industrialised countries responsible for excessive levels of greenhouse gas emissions could be liable to pay $170tn in climate reparations by 2050 to ensure targets to curtail climate breakdown are met, according to a new study. The compensation system is based on the idea that the atmosphere is a commons, a natural resource for everyone which has not been used equitably. The proposed compensation would be paid to historically low-polluting developing countries that must transition away from fossil fuels despite not having yet used their “fair share” of the global carbon budget.