Posted on 12/14/2022 6:31:21 AM PST by Oldeconomybuyer
(Reuters) - In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability.
Nowhere was this more apparent than at the U.N. climate conference in Egypt, where countries reached a landmark agreement to set up a fund to help poor countries cope with climate-fueled disaster costs.
Egypt's COP27 talks did little, however, to address the cause of those disasters – the ever-rising levels of greenhouse gases in the atmosphere.
That kind of slow progress in tackling climate change made vulnerable countries determined to get the so-called Loss and Damage fund approved – after yet another year of extreme weather disasters including record heatwaves from the United States to China, glaciers collapsing in India and Europe, and unending drought pushing millions toward famine in East Africa.
As of today, there are 2,176 climate-related lawsuits in play across the world, including 654 filed in U.S. courtrooms, according to the Sabin Center for Climate Change Law at Columbia University.
And scientists and economists are making further advances in calculating exactly how much a country's activity may have contributed to climate change – and to specific disasters. This line of argument, referred to as "climate attribution science," made its way into more courtrooms.
"So far it's been a battle of the experts on paper," said Sabin Center's executive director, Michael Burger. "What we have not yet seen is an actual trial" presenting evidence toward attributing a certain percent of obligation to a climate-polluting company or country.
But it's just a matter of time, experts say.
(Excerpt) Read more at news.yahoo.com ...
“Rising climate costs” = rising political costs. Nothing more.
Candles and Caves are what the Davos crowd wants for the peons.
“Raising fake climate change costs to challenge countries, companies that elected science-illiterate, low IQ dorks to lead them in 2023.”
Much mo betta now.
It is a con. Many “Scientists” are a bunch of opportunists, working on their own careers and advancement. While others are true believers, usually of communists goals and utopian objectives. The ends justify the means.
The hot air emulating from Reuters via Yahoo is staggering in its ineptitude.
What they mean is “Rising climate costs, that will be pushed down to consumers...”
Yahoo and Reuters are shills for New World Order propaganda. I don’t listen to them and their hand-wringing.
They’re putting the World Digital Dollar in place that they’ll use a a slush-fund , need money take a few WDDs from everyone’s accounts
Throwing taxpayer dollars at ignorant environMENTALists is a crime. All that money doesn’t do a damn thing to help the planet. It just pays for their boat rides to the north and south poles to check on the penguins and the Cola Bears.
CC has been happening for the life of the planet - nothing new. Greenhouse gases creating CC is BS.
Says the crowd that flew 400 private jets to the climate conference.
Such made up occurrences are linked to the global warming scam only by idiots (most all slave loving Demos) and those who profit — same folks basically.
As with the AP, Reuters is also fake news. Both are NWO propaganda central.
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