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I think people's confusion between hundreds of millions and hundreds of billions is making for more "good news" headlines about than might happen if the numbers were translated into more familiar terms.

As far as I can tell there's an estimated $400 billion needed every year in developing countries for coping with losses caused by the burning of fossil fuels in rich countries. At the COP, rich countries pledged a one-time commitment of $800 million.

To put that in everyday terms: say you (the global south) have an ongoing and worsening leak in your roof that I (the global north) caused by crashing my remote controlled helicopter toy into it. That leak costs you $400 each year to cope with.

Dr. Elizabeth Sawin✨

I agree that I have a responsibility to address this problem. And so I make a one time pledge of 80 cents. And, I don't give you the 80 cents today, I promise that I will eventually give you 80 cents.

And I expect you to clap for me. And I expect good press. And I imply that citizens who are distressed by this are alarmists or over-reacting, or naive. Rings a little different that way doesn't it?