Media Release: NATO’s Spending Boom Puts Climate Targets at Risk, New Briefing Warns

Posted on by TPNS

A new analysis by the Transnational Institute, Tipping Point North South and Stop Wapenhandel,  released the week of the NATO summit in the Netherlands, shows that the Alliance’s rapid military build‑up is already undermining global climate goals and threatening to divert trillions from clean‑energy investment. Since 2021, NATO nations have raised their combined defence budgets … Continue reading Media Release: NATO’s Spending Boom Puts Climate Targets at Risk, New Briefing Warns

Saudi Arabia / Arab Group/ G77+China Proposal for a sales tax on developed nations’ defence industries as part of a climate finance package

Posted on by TPNS

The arms industry finds itself in the climate finance frame ‘At Bonn talks, G77 group floats a 5% sales tax on tech, fashion and defence firms to fund green spending in the Global South’ Climate Home News reported in the first days of the Bonn Climate Conference, the annual mid-year preparatory conference that precedes COP … Continue reading Saudi Arabia / Arab Group/ G77+China Proposal for a sales tax on developed nations’ defence industries as part of a climate finance package