Rich countries like Australia shouldn’t balk at climate spending – it will soon pay for itself
‘Loss and damage’ finance for developing nations and domestic support for clean energy industries may be politically difficult – but they are necessary investments After Cop27 ‘a simple test will be applied, especially by our Pacific neighbours. That is whether Australia, still one of the richest countries in the world, makes meaningful additional climate finance commitments and follows through on them, without diverting aid.’ Photograph: Anadolu Agency/Getty Images The money
