Andrew Fanning and Jason Hickel discuss climate reparation payments and inequalities in carbon emissions. They explore quantifying compensation for decarbonization, philosophical aspects of climate debt, overpopulation and overconsumption debate, and rebellion against current economic views. The podcast challenges traditional economic perspectives for just and sustainable transformations in the climate crisis.
Over-emitting countries owe nearly $200 trillion in compensation for excess emissions by 2050.
A population-based approach highlights significant disparities in emissions, offering insights into addressing carbon emissions equitably.
Deep dives
Quantifying Compensation Owed for Atmospheric Appropriation
Countries need to address compensation owed for atmospheric appropriation assuming a decarbonized world by 2050. The study calculates the level of compensation owed, revealing that the global North would appropriate half of the global South's share. Top historical emitters include the United States, Russia, Germany, Japan, and the United Kingdom. The study uses a population-based approach to allocate fair shares of the carbon budget across countries, highlighting the significant disparities in emissions.
Calculating Compensation Costs and Impacts of Achieving Net Zero
The study focuses on excess emissions of over-emitting countries and calculates compensation costs based on carbon prices consistent with 1.5 degrees warming. Over-emitting countries would owe nearly $200 trillion by 2050 for their excess emissions. A proposed compensation mechanism aims to distribute funds to low-emitting countries based on the appropriation of their fair shares. Compensation estimates are based on achieving the 1.5 degree goal and suggest the need for a significant global transformation.
Challenges in Allocating Compensation and Mitigating Inequalities
Questions arise on where compensation funds should come from and how to ensure they reach the intended recipients. The study suggests the wealthiest classes bear the costs of compensation, emphasizing the need to address class inequalities. Discussions center around avoiding unjust monetary flows and ensuring funds contribute to just distribution. Attention is drawn to the complexities of mitigating where and how compensation funds flow.
Navigating Debates on Population Dynamics and Historical Responsibilities
Debates on population dynamics and historical responsibilities influence arguments on carbon budget allocations. The study considers per capita emissions to address shared global commons like the atmosphere. Concerns regarding fairness arise, with challenges in defining justice between global North and South distinctions. Emphasizing a population-based approach offers insights into addressing carbon emissions equitably.
There are huge inequalities in the world when it comes to releasing carbon into the atmosphere. Some countries have disproportionately contributed to the climate crisis and keep aggravating their climate debt. In the language of climate coloniality, these countries could owe reparation payments to low-emitting nations. But can we calculate who owes whom how much? And should we calculate it? Today’s guest, Andrew Fanning together with Jason Hickel recently published a paper aiming to answer these questions. Hosted by Alexandra Köves. Edited by Aidan Knox.
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