The industries fuelling the climate crisis are draining public funds in the Global South

he world’s money is flowing in the wrong direction. The climate crisis is really about money: too much money is fuelling climate change, too little money is going to climate solutions, and extractive money flows are locking economies deeper into climate-destructive spirals that deepen inequality.

New ground-breaking ActionAid research examines the use of public funds in the Global South, and finds that the same industries that are fuelling the climate crisis are draining public funds from Global South governments.

There is an urgent need for all governments to speed up the transition to green, resilient, democratic and people-led climate solutions for food and energy, such as renewable energy and agroecology. For Global South countries already experiencing the devastating consequences of climate change, the need for global transition is all the more urgent.