As Global North countries fail to meet their climate finance obligations, the U.N.’s climate meetings have become sites of struggle for countries of the Global South.
Vijay Prashad: Capitalist Climate Catastrophe
Tag: climate finance
COP27: Show Marginalized Countries the Money
Globally, as much as $3.8 trillion must be invested every year to hold back global warming, write Peter Schlosser and Michael Dorsey. For comparison, the IMF says $5.9 trillion was spent on fossil-fuel subsidies, in total, in 2020.