Comment by runarberg
3 years ago
If you want to be realistic, the more realistic option is for rich nations to fund green infrastructure projects in poorer countries. It is much easier and cheaper and likelier to succeed than every nation with a GDP lower than Connecticut developing a nuclear program on their own, or for carbon sequestration to become viable.
And alas, climate relief fund—or rather a loss and damage fund—is already a thing. Approved in the last COP and already ratified by the EU. (I know, it is much weaker than real climate relief, but proves it is possible). with some European countries already with some programs in place for paying climate relief in foreign countries.
If you want to be a realist, you should commit to it, and apply it equally.
> If you want to be realistic, the more realistic option is for rich nations to fund green infrastructure projects in poorer countries.
It's not realistic at all for developed countries to bankroll green infrastructure in the developed world at a scale that allows those developing countries to continue 6-8% GDP growth annually.