Ronald Bailey on the Third Era of Climate Change: Loss and Damage
The annual U.N. climate change meetings are always all about money. The 19th Conference of the Parties (COP-19) of the U.N. Framework Convention on Climate Change (UNFCCC) in Warsaw is no exception. The latest ploy by poor countries to guilt money out of rich country governments is to claim that it's far too late to mitigate or adapt to climate change, it's now compensation time for loss and damage already occurring from climate change. Reason Science Correspondent Ronald Bailey looks into the claims and how much money may be involved.