Fossil Fuel Companies Should Pay Trillions in ‘Climate Reparations,’ New Study Argues

10 months ago 43

A peer-reviewed paper proposes that the top 21 polluting companies pay $5.4 trillion over 26 years to compensate for climate damages.

One of the most contentious climate policy debates revolves, unsurprisingly, around money. Who should pay the monumental sums needed to protect against extreme weather and transition to clean energy, particularly because the damage has been caused by fossil fuel pollution from the rich, while the costs will be borne disproportionately by the poor?

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