Earlier quoted context omitted.
There's also the phrase "Now we know better". When the industrial revolution came to the US we were ignorant and we polluted the world like crazy because of that. Today, we've learned from that mistake. We now know that you can and must control the pollution factories spew out into the world, even though doing that cuts into corporate profits. China doesn't get a pass to pollute at historic US levels for their indust…
These countries are competitive entities. Even though the planet is shared, the earlier developed nations have gained advantages from their polluting (and at many times, colonial) past that allowed them to pull ahead of other countries. Now they want to stop others going down the same path without giving up their entrenched advantage. That is pulling the ladder up. Either give up those advantages in the form of repar…
Reparations are already in progress and have been for generations. Extensive efforts have been made to start restoring the polluted land and water. Workers rights and health have been improved. The use of slavery has been greatly reduced. The ozone layer is recovering. Trillions have been spent on research and development into ways to help repair and prevent the damage developed nations have inflicted on the planet. Even after all this time we're still working on rebuilding what was destroyed and we've still got a long away to go. in some areas we're actually backsliding. We can't let every developing nation destroy our progress and set us back as if nobody knows any better. Our past was both costly and profitable. We made many of our mistakes out of ignorance, but we know better now and everybody needs to start acting like it.
It's not all a burden for the now developing countries either. They get the benefit of not having to start their industrialization from nothing. They've got access to centuries of knowledge and technology the developed world obtained at great cost. Having the perspective and advantage of all that history and progress however also makes it unacceptable for them to make the same costly mistakes just to satisfy their greed. Now that we all know what is at stake, it falls on everyone to make sure that many of humanity's past sins aren't repeated.