Foreign PolicyForeign Policy

How to slow climate change while fighting poverty

By Rabah Arezki

07 Nov 2022 · 5 min read

Editor's Note

A number of countries, including the U.K., have reduced the amount of money they provide in aid to developing economies. But they should be doing the exact opposite, according to Foreign Policy.

This year’s U.N. Climate Change Conference, or COP27—which opened on Nov. 6 in Sharm el-Sheikh, Egypt—has been called “Africa’s COP.” Voices from developing economies, most prominently Barbadian Prime Minister Mia Mottley, have become louder in demanding that richer countries compensate them for “loss and damage.”

That term, used in climate negotiations, refers to the irreversible consequences caused by climate change to which poor countries or communities cannot adapt. When options to adapt exist, they are not affordable to these countries or communities. The debate over loss and damage is occurring at a time when the future of traditional aid is in doubt. Indeed, political support for aid budgets has been dwindling.

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