Archive for November 4th, 2022

04/11/2022

Revealed: Rich Countries ‘Miserably’ Fall Below Their Climate Promises, Further Indebt the Poor

Human Wrongs Watch

MADRID, Nov 4 2022 (IPS)* – Just a few days ahead of the UN Climate Conference (COP27) in Egypt (6-18 November), new revelations show how far rich, industrialised countries –those who contribute most to the growing catastrophes- have been lying over their real contributions to climate finance.
“To force poor countries to repay a loan to cope with a climate crisis they hardly caused is profoundly unfair. Instead of supporting countries that are facing worsening droughts, cyclones and flooding, rich countries are crippling their ability to cope with the next shock and deepening their poverty.” Credit: Credit: Manipadma Jena/IPS.

“To force poor countries to repay a loan to cope with a climate crisis they hardly caused is profoundly unfair. Instead of supporting countries that are facing worsening droughts, cyclones and flooding, rich countries are crippling their ability to cope with the next shock and deepening their poverty.” Credit: Credit: Manipadma Jena/IPS.

The True Value of Climate Finance Is a Third of What Developed Countries Report unveils that many rich countries are using “dishonest and misleading” accounting “to inflate” their climate finance contributions to developing countries – in 2020 by as much as 225%, according to investigations by Oxfam International.

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04/11/2022

The Bottomless Pit of War Spending

Human Wrongs Watch

By Manlio Dinucci | Global Research – TRANSCEND Media Service*

The European Union is giving Ukraine €5 billion in exceptional macrofinancial assistance. Another 9 billion has been provided by the EU-sponsored fundraising campaign. However, this is not enough to cover the budget hole; Zelenski is immediately asking for another 55 billion euros. The US and EU have already donated 100 billion euros in military supplies to Kiev.

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US Weapons to Ukraine – InfoBrics

Add to that billions more spent by the EU on training and arming Ukrainian forces, plus those spent for the same purpose by individual EU countries.

In the U.S., a bill is passing in the Senate that allows the Pentagon to purchase, without specific congressional authorization, huge quantities of weapons for Ukraine directly from the war industries-a colossal business for the military industrial complex, which will further increase its profits with NATO’s Ten-Year Plan to arm Ukraine by repurposing its war industry.

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04/11/2022

Border Walls Hurt the Weakest and Least to Blame in the Climate Crisis

Human Wrongs Watch

By Kristina Korte*

Fortified borders don’t stop migration – they just make inequality worse, just like climate change.

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A man swims in flood water, Sehwan, Pakistan, 6 September 2022 |Akhtar Soomro/Reuters/Alamy Stock Photo

2 November 2022 (openDemocracy)* — What do monsoons have to do with border walls?

Take a recent catastrophe: in June, Pakistan’s monsoon rains triggered devastating flooding that caused one of the worst natural disasters in recent history.

More than a thousand people died and millions were displaced, many of them losing their homes and land. The cause? Climate change via warmer temperatures and Pakistan’s melting glaciers.

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