Climate aid cash stumbles into tax haven debate

The effects of climate change on developing countries have created a huge financial burden. Policymakers aim to limit global warming to a rise of 2°C in the 21st century. In this scenario, the cost of adapting to and mitigating the impact of climate change would be in the range of $110-275bn (€79-198bn) per year for developing countries. Given their historical responsibility, accumulated climate
debt3 and the principle of common but differentiated responsibility, developed countries will have to shoulder most of the cost.

European Network on Debt and Development (Eurodad): Cashing in on climate change? Assessing whether private funds can be leveraged to help the poorest countries respond to climate challenges, 2012 http://eurodad.org/wp-content/uploads/2012/04/CF-report_final_web.pdf

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