Rich urged to bear climate change costs

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Source: Reuters

LONDON (Reuters) - The rich caused the problem and must therefore pay the price of fixing the global climate change crisis, a new report said on Monday.

Christian Aid, an agency of British and Irish churches, said industrialised nations were historically responsible and therefore morally liable to foot the multi-billion dollar cost of tackling the problem of man-made emissions of carbon gases.

"Nations that have grown rich in part by polluting without facing the costs of doing so must now repay their carbon debt to the developing world," said Andrew Pendleton, author of "Truly Inconvenient - tackling poverty and climate change at once".

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Based on the Greenhouse Development Rights framework -- an equation allocating responsibility for emissions of greenhouse gases -- the United States should shoulder 34.3 percent of the annual bill, with the European Union on 26.6 percent.

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