Delegates at COP27 agreed to establish a loss and damage fund, where richer countries will help vulnerable countries pay for climate damages. Details about the fund’s size and how it will work are still unclear, but many hail the deal as a historic step in climate equity. Greenhouse-gas emissions reached their highest-ever level in 2021, with global carbon dioxide emissions from fossil fuels topping 36 billion metric tons. China is currently the highest emitter, followed by the US. Combined emissions from the European Union are the next largest, with India and Russia following. Countries are massively unequal in terms of the extent to which they’ve caused climate change. The US is by far the largest historical emitter, responsible for over 20% of all emissions, followed closely by the EU. Economies that have been strong for many years tend to be strong because they benefited from early greenhouse-gas emissions.
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by Casey Crownh... klo www.technologyreview.com 11-18-2022
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