Record-breaking heat in China. Wildfires forcing Swiss villages to evacuate. Drought ravaging Spanish crops. As the costs of climate change rack up, a debate is surging among governments: who should pay?
FILE PHOTO: A man is seen with a towel tied around his head to escape hot weather as a heat wave hits HangzhouBy Kate Abnett and Valerie Volcovici
During the talks in Beijing, U.S. climate envoy John Kerry said the two sides would continue to discuss climate finance over the next four months, before the COP28 conference starting Nov. 30. So far, the few dozen wealthy countries obliged to make these payments have not delivered cash in the amounts promised. That list of financing nations was decided during U.N. climate talks in 1992, when China's economy was still smaller than Italy's.
"There is much too much resistance among countries like China and Saudi Arabia to touch the official definition," one EU official said on condition of anonymity. The United States' historical CO2 emissions are bigger than those of any other country, but China today is the world's biggest CO2 emitter in terms of pollution produced each year.
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