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The ‘rich countries’ are no longer in any state to pay for everyone else

Residents of the ‘global north’ want their own nations put in order first

They have lost their enthusiasm for combatting climate change, and they are no longer willing to subsidise the fight against global warming. The president of the UN’s climate talks, Andre Correa do Lago, has complained that the “rich countries” of the “global north” have lost their enthusiasm for the fight to save the planet. The checkbooks are starting to close. But hold on. In reality what is so terrible about that?

As he opened the latest Cop summit, and welcomed the usual circus of virtue-signalling politicians, Correa do Lago struck a wistful tone. There is, he complained, “a reduction in enthusiasm” among the global north for fighting climate change, with the momentum moving to the “global south”.

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