TED Talks Daily The climate crisis is expensive -- here's who should pay for it | Avinash Persaud
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Aug 17, 2023 In this insightful discussion, Avinash Persaud, an economist behind the Bridgetown Initiative, unpacks the urgent financial needs of small tropical nations grappling with climate change. He argues for a green transformation that not only aids these vulnerable countries but also offers profitable opportunities. Persaud shares personal stories from Hurricane Maria, advocating for Dominica to become the world's first climate-resilient nation. He emphasizes the responsibility of wealthier nations to support this initiative, addressing climate inequality head-on.
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Dominica's Devastation
- Avinash Persaud's involvement in climate action began after Hurricane Maria devastated Dominica in 2017.
- He was prompted by Mia Mottley to assist with the relief efforts, witnessing the island's devastation firsthand.
Canaries in the Mine
- Small island nations like Dominica are at the forefront of climate change impacts.
- Their experiences offer valuable insights into the urgent need for global climate resilience.
Unequal Burden
- While developing countries contribute a growing share of emissions, developed countries bear historical responsibility for climate change.
- This historical imbalance necessitates a differentiated approach to climate action and financing.