$67 Billion a Year to Africa Because We Emit Carbon Dioxide

Nicolas Loris / September 09, 2009

From The Economist:

“RICH countries should compensate Africa for all their belching chimneys and exhausts. In a rare fit of African unity, it was decided at a recent flurry of leaders’ meetings that the United States, the European Union, Japan and others should pay the continent the tidy sum of $67 billion a year, though it was unclear for how long. Ethiopia’s prime minister, Meles Zenawi, is likely to lead a delegation of 53 countries (all of Africa minus Morocco) to the climate-change summit in Denmark’s capital, Copenhagen, in December, where he will presumably lodge this demand.

Would the money come, if it came at all, with strings attached or as reparations for damage to Africa’s atmosphere? Mr Meles has made it clear he is seeking blood money—or rather carbon money—that would be quite separate from other aid to the continent. If the cash were not forthcoming, the African Union (AU) might take a case to a court of arbitration and ask it to judge overall culpability for climate change. (more…)