This report, as you know, is coming on the back of big discussions at this COP, which we just heard about in this earlier section, about the need that the poorest countries, who are most impacted by climate change, are saying that we need finance to both adapt to climate change and to deal with the loss and damage. And we hear John Kerry — you were just quoting the earlier clip — saying, “Name me a nation that has trillions of dollars to deal with this,” except — basically saying washing his hands of the situation and refusing to accept some responsibility.
And yet, what this report shows is that there is trillions of dollars. The richest countries, which are called Annex II countries under the U.N. climate talks, have dedicated $9.45 trillion to military spending in the last eight years, between 2013 and 2021. And that is 30 times more than they have dedicated to climate finance. And they’re still not delivering on their promises to deliver the $100 billion a year that was promised way back in 2009 now. So, what we’re seeing, firstly, in this report is that there is resources, but it’s been dedicated to military spending.
https://www.tni.org/en/publication/climate-collateral
— source democracynow.org | Nov 16, 2022