Question

How can high-income countries benefit from

covering much of the cost of reducing pollution created

by low-income countries?

Short answer

For future generations, high-income countries will benefit from increased biodiversity and a cleaner environment.

Step-by-step solution

Introduction

High income countries - The World Bank defines high-income nations as those with a GNP per capita of $\$9,266$or more in $2000$.

Low income countries - Low-income countries, according to the World Bank, are those with a per capita gross national income (GNI) of less than $\$1,026$.

Explanation

Low-income countries must spend more on improving criteria such as health, education, industrial growth, and so on, therefore the pollution issue is overlooked because their primary focus is on economic development. High-income countries have already attained a minimal level of living, allowing them to develop while implementing pollution-control measures. Because global warming is an international issue that requires all nations to work together to address, if high-income countries financially assist low-income countries in implementing pollution control strategies, they will profit in terms of reduced pollution in the coming years.