“A more equitable world is much better able to solve the complex crises we deal with,” said Friederike Otto, a climatologist at the University of Oxford.
urged rich countries to consider debt relief and debt swaps as one of the tools to alleviate the financial costs incurred by affected countries."Countries with debts to countries impacted by climate change can give relief on this debt in exchange for the countries investing in climate adaptation actions," he said.
Andrew King, a senior lecturer at the University of Melbourne, is another proponent of climate reparations. It is"unfair" for nations who have contributed little to the problems of climate change to bear the brunt of its impact, he said. Such countries have less"adaptive capacity" to climate change and less resilience to current extremes, so support is needed to ease the burden they face, he told CNBC.Poor countries affected by climate change are less likely to have the funds needed to support the recovery and reconstruction they need. Pakistan's floods, for example, hit the country during an ongoing debt crisis —And climate disasters are likely to take place with greater frequency across the world.
"Many tropical nations such as India are at increased risk of coastal flooding," said King."These nations face risks from dangerous humid heat that can be harmful to health," he added, acknowledging that heat waves across the globe have been increasing in intensity and frequency. On top of that, extreme rainfall is on the rise and droughts have been worsening, he said."There will be more Pakistans," Ostby said."There are already more Pakistans.
While developed countries are partly responsible for climate change, local authorities in vulnerable countries also have a responsibility to provide proper planning and education on the appropriate responses to early warnings to climate events, she said.
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