– Yes, isn’t it amazing we’ve found ALL this money to try to fix the financial systems – when we could hardly find any to help fix the world’s environmental problems?
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The UN’s head of environment has been left “stunned” by the billions of dollars pumped into ailing companies following the global financial crisis.
Achim Steiner told the BBC One Planet programme that he had fought for years to secure much smaller sums to tackle poverty and climate change.
“We waited perhaps a decade to get $5bn ($3.3bn) to accelerate development of renewable energy,” he said.
We now see $20bn (£13.3bn) paid [to] a car company simply to keep it alive.”
He said he was surprised that such huge amounts had “suddenly been found” to tackle the crisis.
‘False story’
Vast sums of money have been spent on bank bailouts in the UK and the US alone.
Billions more has been promised in aid for struggling industries, such as automotive manufacturers.
But Mr Steiner, who is based in the Kenyan capital of Nairobi, warned we are passing the bill to the next generation, and stressed that if extra investment is not found to tackle climate change, the bail-outs would be “a terrible waste of money”.
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