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Genuine question: I'd be interested to know where you are getting your news or how you've formed these views.
The walk-out comes across a bit like they’re not really that bothered about addressing the problems. Otherwise they’d take the £250bn and have at it as best they can. IMO.
The Least Developed Countries were one of the groups that walked out. As mentioned previously, these are the poorest countries in the world that have contributed nothing to the current climate crisis, but are expected to skip the burn coal/oil stage of development and skip straight to solar/wind/batteries along with the rest of the world. Helping these countries transition has been part of the talks for at least a decade, but they are only starting to put an actual number on it now. The real sticking point was not only the amount of money coming from developed nations, but the form it takes. How much of the £250 billion are grants and how much are loans? These countries are already loaded with debt, if the 'deal' just loads them with more high interest debt which they need to spend on windfarms, then it's not helpful at all and they would be better off sticking with burning their coal.
You are absolutely correct, but the developing nations’ response ignores the fact that there is limited money to share around.
How much are developed nations spending on fossil fuel subsidies currently? I think the developing nations argument is that there is actually quite a lot of money that can be found if the will was there.
Lebowski-
I know all of this. That the discussions are more than a decade old, that developing nations haven’t contributed to Climate Change and that they’re being asked to use sustainable/renewable energy.
I am just a big old cynic and I don’t believe all developing nations (well, their leaders) are truly interested in doing their bit, regardless of how much money and in what form. That’s just how powerful humans operate. It’s why they’re powerful, in the majority of cases.
Ben689908
Sometimes the truth is difficult to swallow.
Are the developing nations better off walking out with nothing or walking away with something?
Do you genuinely believe that all world leaders - even those of Climate-threatened developing nations - really care about managing Climate Change?
I’m arguably cynical, but that doesn’t make me a cunt.