Climate change is going to effect every one even if those in developing nations suffer disproportionately. The quicker we transition our energy architecture away from non-renewables the better off everyone is. Those with surplus capital have the power to make this happen faster by helping those without. The alternative is choosing to suffer by delaying this with an us vs them narrative.
And more seriously the argument is that if we on the lottery and our ancestors did the damage before we understood it, then yes, we don't get to keep the benefits from other people and have _them_ foot the bill of avoiding further damage via stifled growth. That social contract doesn't work.
Nevermind that _right now_ per capital emissions and pollution and leads to similar policy implications. It's not just our ancestors overconsuming , it's us