Discover and read the best of Twitter Threads about #climatefairshare
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The mishmash of climate policies Biden just talked about at #COP27 run the gamut from good to meh all the way to actually bad and harmful. What we all need to keep in mind is (1) what it all adds up to; (2) what he's not saying; (3) who wins and who loses.
There are some good initiatives happening, but what it all adds up to is... not enough. Even if Biden is right & the US meets its 50% by 2030 emissions cut target, our #ClimateFairShare is 195%. Missing that means missing 1.5 without throwing other countries under the bus.
On finance the picture is especially dire. Doubling Adaptation Fund is nice, but $50 to 100m is peanuts. Even $11bn isn't enough, and the way the US is trying to meet that is w/creative accounting, loans, export credits etc, NOT the actual transfers of cash that countries need.
