The world's climate bill is mounting. But who should really foot the cost?

Developing nations are grappling with soaring costs from climate catastrophes, as seen recently in Nepal's pronounced losses. Commerce minister Piyush Goyal underscored the historical emissions from developed countries at a conference, urging wealthy nations to provide necessary support to those financially strained by disasters. Furthermore, the EU's new carbon regulations present additional hurdles for Indian manufacturers. Climate justice must involve an understanding of historical accountability alongside present capabilities.