Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
YAF: Israeli enemy will pay for this crime.
Yemeni Armed Forces: Son of Major General Al-Ghamari martyred alongside him in Israeli aggression.
Yemeni Armed Forces: YAF mourns martyrdom of Chief of the General Staff Mohammad Abd al-Karim al-Ghamari.
Al Mayadeen's correspondent: Palestinian shot and killed by IOF east of Al-Bureij camp in the central Gaza Strip
Al Mayadeen's correspondent in South Lebanon: Occupation forces opened machine gun fire toward outskirts of Aitaroun as locals headed for olive harvest.
Al Mayadeen's correspondent in South Lebanon: Israeli drone drops bomb at outskirts of town of Blida as people head for olive harvest.
Israeli media: Rafah crossing was not opened as planned, and no date has yet been set for the resumption of movement through it.
Colombian President Gustavo Petro: There will be no change in diplomatic relations with Israel until it complies with the agreements.
Maduro: We say to the people of the United States that we do not want war in the Caribbean or in South America.
Maduro: The sadists in America believe they can issue orders for the world to follow, that they rule while others must adapt. But the first to know this is false are the American people themselves.

Rich nations owe poor countries $192 tln for climate crisis: Study

  • By Al Mayadeen English
  • Source: Forbes
  • 6 Jun 2023 00:27
  • 2 Shares
4 Min Read

Countries that release the least emission would receive approximately $6 trillion annually for committing their economies to decarbonizing quicker than required.

  • x
  • A mother pushes a stroller in front of the Scholven coal-fired power station, owned by Uniper, in Gelsenkirchen, Germany, March 28, 2022 (AP)
    A mother pushing a stroller near the Scholven coal-fired power station in Gelsenkirchen, Germany, on March 28, 2022 (AP)

A joint research from the University of Leeds and the University of Barcelona has discovered that wealthy nations owe almost $200 trillion to developing and least developed countries - those bearing the brunt of the climate crisis - as a result of being responsible for excessive levels of carbon dioxide emissions.

Published on Monday in the journal Nature Sustainability, the study drew out the first plan to hold countries liable, requesting a compensation fund of $192 trillion by 2050, as reported by Forbes.

Climate scientists stated that global carbon budgets (which measure how much carbon can be released to achieve a certain climate target) calculate the equal “fair share” of the total carbon budget for 168 countries, based on their population size.

Read next: Climate change could cost Germany about one trillion euros by 2050

When each nation's fair share was calculated, researchers found some countries to be within their allocation, but mainly industrialized countries in the Global North were found already significantly surpassing their allocation.

The Global North, representing the US, Europe, Canada, and Australia, was found responsible for compensating $170 trillion, while the rest of the $192 trillion figure was due from high-emitting countries in the global South like Saudi Arabia and the United Arab Emirates (UAE).

Countries that release the least emission would receive approximately $6 trillion annually for committing to decarbonizing their economies quicker than required, according to the researchers. 

Compensation for an 'unfair burden'

Related News

UN chief condemns rich states 'vicious' tactics against poor ones

The study stated that the US was liable for paying a whopping $80 trillion. 

Other nations have done a better job at maintaining low levels of carbon emissions, such as India, which could be entitled to receive $57 trillion in compensation, as per an estimate in the study.

“It is a matter of climate justice that if we are asking nations to rapidly decarbonize their economies, even though they hold no responsibility for the excess emissions that are destabilizing the climate, then they should be compensated for this unfair burden,” said Andrew Fanning, one of the researchers of the study. 

Referring to a potential solution, the Global Project stated last year that it would take a cut of almost 1.4 billion tons of carbon dioxide each year from global emissions to reach zero emissions by 2050. 

Scientists have been calling for that solution in recent years as society is starting to become more aware of the effects of CO2 emissions. 

During her visit to New York for the United Nations General Assembly (UNGA), Bangladesh PM Sheikh Hasina told AFP, "They don't act. They can talk but they don't act," adding, "The rich countries, the developed countries, this is their responsibility. They should come forward. But we are not getting that much response from them. That is the tragedy. I know the rich countries, they want to become more rich and rich. They don't bother for others."

Even Pakistani Minister for Climate Change Sherry Rehman called on rich nations to compensate for the damage they've caused as part of the climate crisis back in September. 

The biggest nation emitting CO2 is China, which has vowed to reduce emissions to net zero by 2060, followed by the US which has a long-term plan of reaching net zero by 2050.   

Since the US revealed a $370 billion "buy American" subsidy package for tax credits and renewable energy subsidies known as the Inflation Reduction Act (IRA) last year, the manufacturing of green technologies became more necessary.

Read more: Europeans less supportive of climate action if lifestyle changes: Poll

  • least developed countries
  • Climate change
  • US
  • Paris climate agreement

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
A person shops at a grocery store in Schaumburg, Ill., Thursday, September 18, 2025. (AP Photo/Nam Y. Huh)
Economy

75% of Americans report higher costs despite Trump’s inflation claim

With the government shutdown now in its third week, a sign turns away tourists at the entrance to the Capitol Visitor Center, in Washington, Wednesday, October 15, 2025. (AP Photo/J. Scott Applewhite)
Politics

US judge blocks shutdown layoffs amid Trump threats to cut jobs

Bill Ackman speaks about higher education and Harvard University at the twenty-eighth annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 6, 2025. (Patrick T. Fallon / AFP via Getty Images)
Politics

Bill Ackman donates $1M to anti-Mamdani PAC in NYC mayoral race

Members of the Pentagon press corp carry their belongings out of the Pentagon after turning in their press credentials, on October 15, 2025 in Washington. (AP Photo/Kevin Wolf)
US & Canada

Pentagon journalists vacate workspaces as new restrictions take effect

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS