In response to the conclusion of the Summit, experts at Oil Change International said: On overall outcomes, Bronwen Tucker, Global Public Finance co-lead at Oil Change International said: “Global leaders at the Paris Summit missed a critical opportunity to redirect billions from fossil fuels, debt, ...
  • tl;dr botBEnglish
    3•1 year ago

    tl;dr:

    Wealthy country leaders with both an outsized control over our global financial rules and institutions and an outsized responsibility for our global crises were largely absent. Wealthy country leaders must listen to the advice over 150 economists gave at the start of this Summit: taxing extreme wealth, canceling public external debts in low income countries, ending fossil fuel handouts, and instead making the companies pay for their damages, would raise more than $3 trillion a year to slow the climate crisis. Looking ahead to COP28, the good news is that a growing contingent of Global South leaders are showing the way forward by building affordable renewable energy and holding their Northern peers accountable to pay their fair share.

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