Discover and read the best of Twitter Threads about #ClimateDamages
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1/9.📜NEW PAPER: "Time to pay the piper: Fossil fuel companies’ reparations for #ClimateDamages" from Marco Grasso and @rickheede gives clear guidance on the billions of $$$'s #FossilFuel companies should pay into the #LossAndDamage Fund each year.
🔗cell.com/one-earth/full…
🔗cell.com/one-earth/full…
2/9. Our key take always include:
The report finds that the #FossilFuelIndustry will be responsible for $23.2 trillion (USD) of economic #LossAndDamage (to GDP) between 2025–2050 under a 3°C warming scenario.
The report finds that the #FossilFuelIndustry will be responsible for $23.2 trillion (USD) of economic #LossAndDamage (to GDP) between 2025–2050 under a 3°C warming scenario.
3/9. This is important because the report demonstrates that it’s possible to attribute #LossAndDamage costs, and the responsibility for redress, to specific #CarbonMajors .
