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Should countries pay for their climate debt?

Economics for Rebels

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Quantifying Compensation for Decarbonization by 2050

The chapter explores the research findings on determining the compensation owed for decarbonization by 2050, addressing controversial topics in ecological economics like fair share of atmospheric appropriation and unjust money creation. It analyzes historical emissions of countries, highlighting over-emitters and lower-emitters, and proposes a reparation mechanism for high-emitting nations to compensate low-emitting countries, estimating a required annual fund of $6 trillion through 2050.

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