Industrialised nations of the Global North, such as the US and Germany, are responsible for 90 percent of excessive levels of carbon dioxide emissions, and could be liable to pay a total of USD 170 trillion in compensation to low-emitters like India to ensure climate change targets are met by 2050, according to a new study.
India is owed an annual compensation of USD 1,446 per capita until 2050 and a yearly compensation equivalent to 66 percent of its GDP in 2018, the study published in Nature Sustainability on Monday says.
The researchers from University of Leeds, the UK, analysed 168 countries and quantified historical responsibility for climate breakdown, based on excess carbon dioxide emissions beyond equality-based fair shares of global carbon budgets.
The top five over-emitting countries, including the US, Germany, Russia, the UK and Japan, would be liable to pay USD 131 trillion (more than two-thirds of total compensation.
According to the study, the UK’s share would amount to $3488 a year for every man, woman and child.
Far from the wicked West having to pay the rest of the world, they should be paying us. Thanks to fossil fuels and the industrial revolution, India and the all of the rest of the developing world are unbelievably better off then they would be otherwise:
It shows how closely interlinked the use of fossil fuels and economic growth are. Now we want to deny the poorer countries the chance to catch up.