Wealthy countries ordered by UN tribunal to fulfill climate pledges or face financial penalties.

The United Nations’ International Court of Justice has ruled that wealthy countries must follow through on their commitments to reduce fossil fuels and pollution, or they may be held financially accountable by nations most affected by climate change. The court stated that affluent nations are bound by treaties to limit global warming and are responsible for the actions of companies under their jurisdiction. Judge Yuji Iwasawa underscored the need for countries to collaborate on emission reduction targets, noting that greenhouse gas emissions are mainly caused by human activities without territorial limitations. The ruling could have significant implications for climate change policies and was met with mixed reactions from various countries and stakeholders.

Source: https://www.foxnews.com/world/un-court-rules-wealthy-nations-pay-climate-change-damages-controversial-global-ruling