We're being set up for the bill...
Oh. yes, the West must pay the bill for global warming...
The rich caused the problem and must therefore pay the price of fixing the global climate change crisis, a new report said on Monday.
Christian Aid, an agency of British and Irish churches, said industrialised nations were historically responsible and therefore morally liable to foot the multi-billion dollar cost of tackling the problem of man-made emissions of carbon gases.
"Nations that have grown rich in part by polluting without facing the costs of doing so must now repay their carbon debt to the developing world," said Andrew Pendleton, author of "Truly Inconvenient - tackling poverty and climate change at once".
It is an argument that will appeal to the developing nations which have used it regularly, but will probably meet diplomatic foot-dragging in the industrialised world whose economies are being threatened by surging oil prices.
Based on the Greenhouse Development Rights framework -- an equation allocating responsibility for emissions of greenhouse gases -- the United States should shoulder 34.3 percent of the annual bill, with the European Union on 26.6 percent.India and China, both rapidly industrialising but still way behind their developed world counterparts, should bear 0.3 percent and 7.0 percent of the bill respectively.
Based on the calculation a year ago by British economist Nicholas Stern that acting now would cost one percent of gross world product a year, Washington's bill would be $212 billion a year while Brussels' would be $164 billion, the report said.