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AWITI: Wealthy nations have a moral obligation to finance low-carbon development pathways

In Summary
  • Somehow, countries can pollute their way out of poverty.
  • Leaders of major African and Asian countries are enamoured by and seek to replicate China’s fossil-fuel-powered growth that is heavily reliant on the export of manufactured goods

Unbridled exploitation of cheap, polluting fossil fuels has created unprecedented global economic expansion and material prosperity. Global GDP is estimated at $85 trillion.

The three largest ...