CAPITALISM OR SOCIALISM
UN secretary general António Guterres warned ministers from 40 countries meeting to discuss the climate crisis on Monday that “Half of humanity is in the danger zone, from floods, droughts, extreme storms and wildfires. No nation is immune. Yet we continue to feed our fossil fuel addiction.” He added: “We have a choice. Collective action or collective suicide. It is in our hands.”
Guterres criticised the “multilateral development banks”, institutions including the World Bank. He said they were not fit for purpose when it came to providing the funding needed for the climate crisis, and that they should be reformed.
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