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It's not quite similar to blackmail. "Developing" countries do indeed try to "develop," that is, step up to the "good life" enjoyed by the global North. To achieve that, they need money! Meanwhile they are crippled by international debt and lack the resources to implement any industrial-level energy sources based on non-fossil energy sources, facing a triple-whammy against any meaningful industrial production base. That is why I keep promoting "oxygen pricing" which would cause the rich nations to collect funds from people who "burn" oxygen to oxidize their fossil fuels, who are presently stealing that oxygen for free from the commons. Those funds would then transfer to countries with forests, in essence, paying them to produce oxygen. With carbon pricing (and their related offsets), you cannot balance that set of books, but with oxygen pricing, you can.

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