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How the Finance Flows: The banks fuelling the climate crisis [1]

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Date: 2023-09

Find out more about ActionAid’s groundbreaking new research into the financial flows fuelling industrial agriculture and fossil fuels – the two industries that are the largest contributors to climate change. These finance flows enable these harmful industries to expand and thrive. Meanwhile, the solutions needed to address the climate crisis remain woefully underfunded.

I’ve seen firsthand the devastation extreme weather can inflict on the lives of people who did very little to cause it, and this injustice is what spurs me on as a climate activist. What angers me the most is the lack of action that world leaders and huge polluters are taking to halt this crisis.

Money continues to be pumped into harmful activities that threaten the existence of our planet and its people. This report reveals the trillions in harmful finance flowing to the Global South, fuelling the climate crisis and directly harming vulnerable communities. Above all, and crucially, it celebrates the climate heroines and heroes, the farmers and communities leading the way with agroecology and rooted resistance.

Vanessa Nakate, Activist, writes in the foreword of our new report

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[1] Url: https://actionaid.org/publications/2023/how-finance-flows-banks-fuelling-climate-crisis

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