What are the economic tradeoffs between lowincome and high-income countries in international conferences on global environmental damage?

The economic tradeoffs between low-income and high-income countries in international conferences on global environmental damage involve balancing the pursuit of economic development with the implementation of environmental regulations. Low-income countries might prioritize basic needs and be hesitant to commit to environmental policies that could hinder their growth. High-income countries may address environmental concerns while protecting their own economic interests. Collaborative solutions, such as financial assistance, capacity building, technology transfer, and equitable sharing of costs and responsibilities, can lead to more effective and equitable solutions for global environmental concerns.