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New Report Details How Vast Military Spending By the Richest Countries Greatly Accelerates Climate Crisis — Jeremy Kuzmarov

Summary:
While the world’s climate negotiators gathered for the COP27 summit in Egypt, a new report published by the Transnational Institute, a Dutch think tank, emphasizes how rising global military spending is a great threat to efforts to combat climate change.According to the report’s authors, “every dollar spent on the military not only increases greenhouse gas emissions, but also diverts financial resources, skills and attention away from tackling one of the greatest threats humanity has ever experienced.”...This is not new knowledge, but it bears repeating.Covert Action MagazineNew Report Details How Vast Military Spending By the Richest Countries Greatly Accelerates Climate CrisisJeremy Kuzmarov

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While the world’s climate negotiators gathered for the COP27 summit in Egypt, a new report published by the Transnational Institute, a Dutch think tank, emphasizes how rising global military spending is a great threat to efforts to combat climate change.

According to the report’s authors, “every dollar spent on the military not only increases greenhouse gas emissions, but also diverts financial resources, skills and attention away from tackling one of the greatest threats humanity has ever experienced.”...

This is not new knowledge, but it bears repeating.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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