140+ Experts to Rich Nations: Redirect Trillions in Public Money to Curb Climate, Inequality Crises

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140+ Experts to Rich Nations: Redirect Trillions in Public Money to Curb Climate, Inequality Crises
ImperialismClimate EmergencyInequality
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Kenny Stancil is senior researcher at the Revolving Door Project and a former staff writer for Common Dreams.

More than 140 economists and policy experts on Monday published an open letter calling on the leaders of rich countries to combat the life-threatening crises of climate change and inequality through the downward redistribution of trillions of dollars in public money. 'Stopping climate breakdown is not rocket science,' economic anthropologist Jason Hickel, who signed the letter, said in a statement.

'From the 'Billions to Trillions' agenda to the still-unfulfilled $100 billion year climate finance promise we have seen this approach fail again and again, with far less private money leveraged than promises and profits prioritized over climate and inequality benefits—or often even basic human rights safeguards.

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