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11-23-2024, 10:47 PM
Poor countries need $1tn a year in climate finance
Quote:Lord Stern said: “It’s more expensive the longer you wait. This [$1tn by 2030] is absolutely possible for rich countries to achieve, but it does entail real commitment and moving quickly.”
He said that about half of the $1tn could come from private sector investment Link
Err, no. The private sector does not throw money at no gain investments.
Quote:Mohamed Adow, director of the Power Shift Africa thinktank, said: “The moral compass of the world – the most vulnerable countries – have walked out after [the rich] failed to honour the promises they have made on climate finance.” Link
Give Africa one trillion a year? What could possibly go wrong.
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11-24-2024, 01:39 AM
Poor countries need $1tn a year in climate finance
(11-23-2024, 10:47 PM)Inkubus Wrote: Quote:Lord Stern said: “It’s more expensive the longer you wait. This [$1tn by 2030] is absolutely possible for rich countries to achieve, but it does entail real commitment and moving quickly.”
He said that about half of the $1tn could come from private sector investment Link
Err, no. The private sector does not throw money at no gain investments.
Quote:Mohamed Adow, director of the Power Shift Africa thinktank, said: “The moral compass of the world – the most vulnerable countries – have walked out after [the rich] failed to honour the promises they have made on climate finance.” Link
Give Africa one trillion a year? What could possibly go wrong.
A slight bit of corruption? About 99%? LOL!
Yes I know you were being sarcastic, and I agree.
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