The finance ministers of the G7 group are meeting this week to discuss, among other global issues, climate finance and how to make more money available to the poorer nations of the world that transition advocates argue suffer most of the ill effects of industrialization. It turns out, however, that what most like to call climate finance is, in fact, not so much help for the world's poorer nations. Instead, it is a tool to enrich G7 entities—and saddle the poor nations with debt.
' Yet this statement has a problem—because many climate change activists and transition champions in government and the NOG sector are presenting the energy transition precisely as a profit opportunity. Investors are being convinced that investing in solar development companies or green hydrogen research would not only help the planet but make them money, too.
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Source: BelfastLive - 🏆 16. / 77 Read more »