Not me.
From Bloomberg via India's Economic TimesNovember 11:
India has named its price in high-stakes climate talks: if the rich countries want it to cut planet-warming emissions, they need to come up with $1 trillion of public cash by the end of the decade.
The demand comes after India’s surprise announcement at the opening of COP26 negotiations in Glasgow, Scotland, that it would set an ambitious new goal to reach net-zero emissions by 2070. In his speech, Prime Minister Narendra Modi said that rich countries should provide as much as $1 trillion in climate finance.
On Wednesday, Indian officials clarified their demands. They want $1 trillion in funds just for India by 2030 — ten times more than the unmet $100 billion a year for all poor countries sought under previous deals. Over a decade, that would mean advanced economies have to give India the same amount of funds they’ve promised for all poor countries.
India is asking for such a large sum because it’s also taking into account loss and damage, Environment Secretary Rameshwar Prasad Gupta said in an interview, referring to what poor countries see as a debt owed by nations who are responsible for the bulk of greenhouse gases accumulated in the atmosphere. Rich countries’ current $100 billion a year target is only meant to fund decarbonization measures and infrastructure that helps protect against more extreme weather events.
Even as 121 countries have submitted their official climate pledges to the UN in documents know as nationally determined contributions, India has held back. “Let’s be clear,” an unnamed delegate told the Hindustan Times, “India will not update its NDC till there is clarity on climate finance.” The Indians want a clear promise on making the funds available “as soon as possible,” an official told Bloomberg Green....
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If interested see:
Having studied the science, economics, politics, finance, psychology, law, messaging, regulation, sociology, and policy prescriptions of global warming since 1992 the overriding lesson learned is:
It's always about the money.
If you take away nothing else from this little blog, take that.
And save yourself an eighth-of-a-million pages of reading.
And additionally:
Re/Insurance: "Climate change a threat, but also largest growth opportunity: Swiss Re"
"How Market Power Leads to Corporate Political Influence"
Global Warming: London's Mayor "to call for cities like London to have greater powers and funding"
