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Voluntary foreign aid instead of liability for other countries' weather.
China is the world's largest CO2 emitter after all.
It could be great fun to watch. The developing countries fighting over nothing. China refusing to pay.
For years CFACT has warned of plans to add "loss and damage" to the UN climate regime, making wealthy nations liable to compensate developing countries when extreme weather strikes.
At this rate of damage the global total would run around TWO HUNDRED TRILLION DOLLARS A YEAR.
The best defense against a ruinous loss and damage liability claim is our innocence.
Deliberate vagueness is a hallmark of diplomacy and the elusive concept of "loss and damage" has made the grade in Egypt. The concept will now be discussed, but without the central feature of liability.
We are talking about potentially untold trillions of dollars.
Loss and Damage (L&D) is the name of the hugely dangerous issue whereby developed countries would compensate the developing world for damages caused by things like bad weather and rising seas, in the name of climate change.
Developing nations have developed an insatiable appetite for handouts. To those whom much is given much is taken.