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British foreign secretary: Rich countries must bear cost of reducing carbon emissions

British foreign secretary: Rich countries must bear cost of reducing carbon emissions

Rich industrialized nations must help the developing world pay for a shift to cleaner technologies to fight climate change, British Foreign Secretary David Miliband said Tuesday during a visit to China's financial center.
Major developing nations such as China and India will face a devastating "boomerang effect" of devastating effects from global warming such as drought and crop disruptions if they do not opt for cleaner, less polluting economic development, Miliband told students at the China-Europe International Business School.
Adapting energy technologies that emit fewer of the greenhouse gases viewed as a main contributor to climate change "does not sacrifice development but ... it is much more expensive than high-carbon development," he said.
"The question is, who pays for it?" Miliband said. "The richer countries have got to lead in taking the burden of paying for the shift to a lower-carbon economy."
Scientists believe carbon dioxide is one of the leading contributors to global warming.
China, which chiefly relies on heavily polluting coal to fuel its surging economy, now rivals the United States as the world's largest emitter of greenhouse gases.
Britain backs calls for industrialized countries to help the developing world cope with the consequences of centuries of pollution by the West.
Last month, British Prime Minister Gordon Brown pledged about 50 million pounds (US$98.3 million;


Updated : 2021-04-20 22:46 GMT+08:00