Climate change exchanges between rich and poor countries have had to do with who ‘foots the bill’ for the damage caused by global warming in various parts of the world. This discourse has arisen out of the argument that it is the developed countries that have been, to an overwhelming extent, responsible for global warming and that it is they that should pay the lion’s share of the bill.
A November 7 report emanating from the COP 27 deliberations in Egypt suggests that the forum’s agenda will include a discussion of how rich countries can help pay the damage caused by global warming outside of their respective geographic boundaries.
