Corporate capture of public finance

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Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Climate solutions must be people-centred

Sir, – New research from ActionAid revealed that the fossil fuel and industrial agriculture sectors, both major contributors to the climate crisis, are receiving an astonishing €6.98 billion annually in subsidies from countries in the Global South.

This injustice has two sides. Wealthy countries bear the greatest responsibility for creating the climate crisis, yet they are failing to make meaningful progress in reducing their emissions and are reneging on climate finance commitments to the countries suffering most from the impacts of their actions.

Women, girls, marginalised groups, and indigenous peoples are disproportionately affected. Women and children are 14 times more likely to die in climate disasters than men, and 80 per cent of people displaced by such events are women.

 

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