While the richer emit relatively more greenhouse gasses than others, their egoism does not allow to fund sufficiently the energy transition. On the contrary, some wish even to make more money by betting on future negative consequences of climate change on the huge global financial casino.
More articles on climate and finance published on hungerexplained.org
26 September 2020 – Income inequality impacts on the level of greenhouse gas emissions and on vulnerability to the consequences of climate change – The more people are rich, the more they emit greenhouse gas; the more people are poor and less they emit greenhouse gas, but the more they are vulnerable to the consequences of climate change. The strategy to reduce emissions must take these inequalities into account. [read]
March 2019 – Opinion: World Bank Financializing Development? by Jomo Kwame Sundaram and Anis Chowdhury. [read]
29 July 2017 – Climate finance : for whom is the World Bank working? Global finance intends to sharpen its instruments to take over our food and agriculture, on the ground of combatting climate change. [read]
13 December 2016 – Climate finance for poor countries: confusion, lack of transparency and probability that commitments made will not be respected – During COP21 in Paris, rich countries committed to help fund climate adaptation and mitigation efforts of poor countries through a funding mechanism that aims at mobilising USD100 billion annually by 2020. Where do we stand one year later? [read]