Dislocated interests and climate change (5 page pdf, Steven J Davis and Noah Diffenbaugh, Environmental Research Letters, May 31, 2016)
Today we review a very pertinent analysis of costs and benefits as applied to climate impacts and national (and corporate) interests and how the concentration of short term, local benefits is separated in time and space with longer term impacts. As a concluding sentence in the article reads: “the most problematic dislocations of interests are where benefits are concentrated in time, space, and parties”. Often too, the profits from fossil fuels accrue to corporations in developed countries while the impacts fall mainly on developing countries and governments. Attempts to recover these costs get bogged down in a lack of international mechanisms to deal with them either through the World Trade Organization, World Bank or the International Framework on Climate Change and climate agreements, such as the Kyoto Protocol in 1997 or the Paris Agreement of 2015 – all of which point to the need for a greater definition and recognition of these special needs in addressing climate change.
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