Conversations about climate justice are a key part of the COP27 agenda. But what are ‘climate reparations’ and how would they work?
How and when would climate reparations be paid?
However, while there has been some support for the idea of a climate reparations fund – just this week,of Scottish Government money to the cause – others have suggested the reparations be paid in different ways, including international loan forgiveness, or by using pre-existing humanitarian networks.
suggesting that costs could reach somewhere between $290 and $580 billion per year by 2030, and $1 trillion a year by 2050.Rishi Sunak has committed to tripling the UK's budget for helping countries adapt to climate change. He also confirmed that the UK is tripling its funding to help nations adapt to the impacts of climate change, committing to spending £1.5 billion on adaptation by 2025.
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