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finance and climate changeMoney and climate change are inextricably linked in many ways. On the one hand money fuels climate change: The dominant political economic model drives climate change through the global competition for energy and other resources, and the degradation of the environment and human rights – which in turn reduced human and ecological resilience to climate change. On the other hand lack of money inhibits the global creation of low carbon societies and grassroots resilience: There is also a real and urgent need for reparation of the climate debt which is an element of the wider ecological debt.
We cannot continue to favour a few rich elites over the impoverished majority, which brings with it the unsustainable exploitation of natural heritage, the commodification of life, the privatization of public services, and the control of production and trade systems by a few powerful transnational corporations. FoEI believes that building peoples' sovereignty in its diverse dimensions provides valuable spaces to explore alternatives by challenging the business-as-usual scenario.
Promoting economic processes as alternatives to the neo-liberal model implies building and creating new democratic structures, systems and processes that strengthen local markets and cultures, consumers' and producers' cooperatives, solidarity economies and alternative financial mechanisms.
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Demanding climate justice in BangkokFriends of the Earth International joined the Asian Peoples Solidarity for Climate Justice in a mass mobilisation on the streets of Bangkok in October 2009 calling for climate justice: cut the carbon, cut the foreign debt, cut the false solutions, cut the World Bank and the corporations out! Recognition and full respect for peoples' rights, reparation for climate debts and peoples sovereignty NOW! Global Civil Society Calls for Greater U.S. Leadership in Solving the Climate CrisisFriends of the Earth groups sent an open letter to President Obama on the eve of the G20 Pittsburgh meeting September 2009 urging greater emission cuts and finance for developing countries. report: how the asian development bank finances climate changeThe Asian Development Bank is a major financier in the Asia Pacific region and throughout the case studies in this publication, Friends of the Earth demonstrates that its projects are contributing to climate change and exacerbating climate vulnerability. |
