WHO PAYS FOR CLIMATE HAVOC?

Rich vs. poor: Divide deepens over who should pay for climate change

Nina Chestney, November 20, 2013 (Reuters via NBC News)

"Rich and poor were deadlocked…over how to raise aid to help developing countries cope with the damaging effects of global warming, in a setback at United Nations climate talks in Warsaw seeking progress toward a 2015 accord…Bolivia and other developing countries accused the rich of failing to show willingness to discuss aid or compensation for losses and harm due to global warming, such as rising sea levels or creeping desertification…The rich fear it would be costly and make them legally liable for droughts, heatwaves and storms…For many poorer countries, the devastation caused by Typhoon Haiyan in the Philippines earlier this month has raised the urgency…Global economic losses caused by extreme weather have risen to nearly $200 billion a year over the last decade and look set to increase further as climate change worsens…” click here for more

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