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The Australian’s Chris Mitchell says the new policy for first-world countries to pay for climate change damage to developing countries is “not a poor friendly policy”.

“I think in teal seats people can certainly afford the transition, but people on a fixed income in the Western suburbs of Sydney and Melbourne - they’ll struggle,” he told Sky News host Paul Murray.

“It seems to me people like Mike Cannon-Brookes and Twiggy Forrest – they're getting away with pretending they're doing all this for the poor or for the planet.

“But they're probably doing it for their own bank balance really.”