News article

COP30: The Sensitive Issue at the World Climate Conference — Who Pays for the Costs of Climate Change?


The Earth is getting hotter and the costs of climate change are rising. To enable developing countries to cope with the climate crisis, they need more than one trillion euros. Whilst delegates from around the world are negotiating global climate policy in Belém, Brazil, people in Jamaica are clearing up the rubble. Two weeks ago, Hurricane Melissa swept across the island — one of the historically most destructive storms in the Caribbean. According to a weather attribution study, climate change made the hurricane both more destructive and more likely to occur. The damage amounts to up to seven billion US dollars, stated Jamaican Prime Minister Andrew Holness — equivalent to nearly a third of Jamaica's gross domestic product in the previous year.

Last year's world climate conference in Baku nearly collapsed over the issue of international climate finance. At COP30 in Belém, this remains one of the most sensitive items on the agenda…

Read the article by Benedikt Narodoslawsky at derstandard.at

© Dee