Tuesday, December 11, 2007

Do the Rich Owe the Poor Climate Change Reparations?

Here.

Excerpt:
Without going into the details, the Greenhouse Development Rights Framework (GDR) proposal foresees levying the equivalent of a climate "consumption luxury tax" on every person who earns over a "development threshold" of $9,000 per year. The idea is that rich people got rich in part by dumping carbon dioxide (CO2) from fossil fuels into the atmosphere, leaving less space for poor people to dump their emissions. In one scenario, Americans would pay the equivalent of a $780 per person luxury tax annually, which amounts to sending $212 billion per year in climate reparations to poor countries to aid their development and help them adapt to climate change. In this scenario, the total climate reparations that the rich must transfer annually is over $600 billion. This contrasts with a new report commissioned by the U.N. Development Program that only demands $86 billion per year to avoid "adaptation apartheid."
...
A woman from Papua New Guinea in the audience warned that such climate aid was likely to disappear into the corrupt pockets of poor country politicians rather than lift poor people out of poverty. But the touching faith of climate campaigners in the efficacy of international and national bureaucracies is immune to such realities.

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