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Cornered & Under Pressure, US & EU Ensnared In Their Own Climate Trap

Obama Ready To Consider Extreme Weather Compensation For Developing Nations?


Rich nations at UN climate talks are said to be edging towards a compromise on the thorny issue of loss and damage. Poorer countries want compensation for extreme weather events that they link to large scale carbon emissions. But the US and EU have long resisted this idea, fearing an endless liability running into billions of dollars. However a clarified proposal from the US … was said to concede that the Warsaw Mechanism should be extended and made permanent. They would also “respond to the concerns of developing countries”. --Matt McGrath, BBC News, 4 September 2015
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