I think people's confusion between hundreds of millions and hundreds of billions is making for more "good news" headlines about #COP28 than might happen if the numbers were translated into more familiar terms.
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Dr. Elizabeth Sawin✨ (bethsawin@spore.social)'s status on Friday, 15-Dec-2023 23:02:40 JST Dr. Elizabeth Sawin✨ - pettter and Paul Cantrell repeated this.
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Dr. Elizabeth Sawin✨ (bethsawin@spore.social)'s status on Friday, 15-Dec-2023 23:02:46 JST Dr. Elizabeth Sawin✨ As far as I can tell there's an estimated $400 billion needed every year in developing countries for coping with losses caused by the burning of fossil fuels in rich countries. At the COP, rich countries pledged a one-time commitment of $800 million.
pettter repeated this. -
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Dr. Elizabeth Sawin✨ (bethsawin@spore.social)'s status on Friday, 15-Dec-2023 23:02:47 JST Dr. Elizabeth Sawin✨ To put that in everyday terms: say you (the global south) have an ongoing and worsening leak in your roof that I (the global north) caused by crashing my remote controlled helicopter toy into it. That leak costs you $400 each year to cope with.
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Dr. Elizabeth Sawin✨ (bethsawin@spore.social)'s status on Friday, 15-Dec-2023 23:02:50 JST Dr. Elizabeth Sawin✨ I agree that I have a responsibility to address this problem. And so I make a one time pledge of 80 cents. And, I don't give you the 80 cents today, I promise that I will eventually give you 80 cents.
pettter repeated this. -
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Dr. Elizabeth Sawin✨ (bethsawin@spore.social)'s status on Friday, 15-Dec-2023 23:02:57 JST Dr. Elizabeth Sawin✨ And I expect you to clap for me. And I expect good press. And I imply that citizens who are distressed by this are alarmists or over-reacting, or naive. Rings a little different that way doesn't it?