Wealthy countries sent climate funding to the developing world in recent years with interest rates or strings attached that benefited the lending nations, a Reuters data analysis found.

Japan, France, Germany, the United States and other wealthy nations are reaping billions of dollars in economic rewards from a global program meant to help the developing world grapple with the effects of climate change, a Reuters review of U.N. and Organisation for Economic Cooperation and Development data shows.

The financial gains happen as part of developed nations’ pledge to send $100 billion a year to poorer countries to help them reduce emissions and cope with extreme weather. By channeling money from the program back into their own economies, wealthy countries contradict the widely embraced concept that they should compensate poorer ones for their long-term pollution that fueled climate change, more than a dozen climate finance analysts, activists, and former climate officials and negotiators told Reuters.

    • @givesomefucksEnglish
      14•7 months ago

      We The 1% really are the assholes who will kill everyone for a quick buck

      Most people have zero control, because even in democracies the 1% buy off the major parties to ensure they never lose.

      We might not be able to do much right now, but we can at least blame the people responsible

      • @disguy_ovahea
        4•7 months ago

        Don’t fool yourself. Even with control, half of the nation still supports these profits over people assholes.

        • @EmpathicVagrant
          6•7 months ago

          Half the representation in the nation that actually amounts to a very loud ~35% of the actual nation

          • @disguy_ovahea
            3•7 months ago

            Yes, but we have a broken system, and they have more land, so they get to vote louder.

        • @[email protected]
          3•7 months ago

          How any reasonable person can look at this unsustainable trajectory and not desire to change it is beyond me.

          Sure not everyone can be reasonable but if the majority of your civilized evolved species cant perform first principle reason than it indicates systematic problems in education.

          • @disguy_ovahea
            3•7 months ago

            Underfunded public schools would be my first guess.

      • DarkThoughts
        3•7 months ago

        The Global Wealth Report 2015 highlights another unexpected fact: that the world’s wealthiest 1% is not entirely made up of billionaires, but contains a significant number of people whose assets amount to $759,900 or over.

        https://www.weforum.org/agenda/2015/10/who-are-the-1-the-answer-might-surprise-you/

        It’s not like voters flock to green parties & candidates either, let alone those who’d be willing to go to the extreme measures that we’d actually need to go through to even have a chance at “fixing” this mess. This type of talk is just another form of finger pointing to push their own responsibility away, because quite frankly, the majority of people in the West are very comfortable with the status quo and don’t want to be directly affected by such measures. You can’t just blame everything on disinformation, big companies, politicians and billionaires - especially now that everyone should know better anyway. And no, there’s no “gentle policy” way out of this at this point.

    • @disguy_ovahea
      3•7 months ago

      And then point the blame elsewhere. Like how Americans love to point out that China is the #1 carbon polluting nation to detract from the fact that we’re #2, even though China’s emissions are largely due to our commercial and industrial needs.