If you see the atmosphere as a commons - a natural wealth for everyone to access equitably and sustainably - then it's not hard to see how deeply unjust the #COP29 $300bn per year goal from industrialised countries is, when historical responsibilities for excess emissions are taken into account. 1/
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$170 trillion over 25y= $6.8tn/yr
2024 global economy ~$100tn. 6.8% owed now.
Growth ~2.6%/yr
2050 economy ~$189tn, hence 3.6%.
I worry about the "aid is $ going from poor people in rich countries to rich people in poor countries" thing. But the total itself, in context, smaller than I thought.
2. Emissions between 1970 and 2000 had greater adverse effects on local populations, than on total planet.
3. There's no point in quibbling about the residual liability, because there will be nobody left to pay, unless we all act now.