The world's poorest countries are also the ones most likely to get hammered by the earth's warming. Can the new EPA regulations do anything about that?
They also might be Obama's greatest contribution to the fight against global poverty. Climate change is bad for everyone. But it's particularly bad for the world's poorest.
Standard and Poor's, the credit rating company, recently published a report assessing the risk each country faces from climate change. You'll notice the more vulnerable (redder) countries cluster in Asia and Africa, while the better off (greener) countries are almost all in North America or Europe:
The cost to the developing world of unmitigated climate change will be staggering. Assume the globe warms by about four degrees celsius, which is easily possible absent major emissions reductions. Those notorious hippies at the World Bank suggest that this could lead to massive increases in disease, extreme storms, droughts, and flooding. The effects will be so massive, according to the bank's President Jim Kim, that they could roll back "decades of development gains and force tens of more millions of people to live in poverty."