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    Der beste Weg, die Klimakrise zu bekämpfen, ist mit kaltem, hartem Geld

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    3 Comments

    1. ToryPirate on

      Guyana is a prime example of why this is going to be a hard sell. Its a very poor country that recently found a lot of oil. Something like 17th largest overall but with a population so small the wealth per citizen was second only to Kuwait. That is the kind of infusion of cash that could rocket a country up to first world standards (if their political leaders don’t mess it up). However, if we are to fight climate change that oil needs to stay in the ground.

      Its a tough sell, and not one I think we have a complete answer to yet. The most innovative idea I’ve seen was a Central American country that offered to leave its reserves in the ground if it were paid the annual value of extracting them. The idea was shot down which I think is unfortunate. These countries need the revenue and unless we come up with a better reason than “you can’t” they will tap them.

    2. jonlmbs on

      Is sending Canadian taxpayers dollars – or dollars we don’t have with interest that future generations will pay to developing countries really the best solution here?

      Not to mention it’s very hard to audit cost/benefit of these programs and manage risk of corruption and fraud. https://www.u4.no/publications/corruption-and-climate-finance.pdf

      Since 2015, Canada has contributed over $8.7 billion in international climate finance to developing countries. This includes an initial commitment of $2.65 billion from 2015 to 2021 and a subsequent commitment of $5.3 billion from 2021 to 2026

    3. Adorable_Octopus on

      A lot of the problems this article talks about– like Columbia’s credit rating being downgraded when it said it wasn’t going to extract oil, loans instead of grants, etc– almost certainly exist for good reasons. If we were giving away billions in grants, there’s no guarantee that the grant will actually be used to do what it’s given out for. At least with a loan, we might be able to recover some of that cost. It costs more to do a solar farm project in South Africa than in Germany because the risk is much larger, and so on.

      Wishful thinking isn’t going to change any of these facts, and it does Canada no good to burn money trying to convince the third world to not extract oil or coal or whatever.

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