ECO understands that the rich, polluting countries are not keen to put money on the table to help vulnerable, developing countries affected by climate change. ECO heard of a very attractive mechanism that could lower their bill–let the industry most responsible for climate change pay for the damage their product is causing. Fossil fuels are responsible for roughly 70% of emissions. Just two of the biggest fossil fuel companies–Chevron and ExxonMobil–made US$50 billion in profit last year.  Coincidentally, that’s probably how much loss and damage LDCs are facing right now. Collectively, all vulnerable countries face $100 billion in loss and … Continue reading ECO’s Idea on Funding for Loss and Damage