As the world’s climate negotiators gather in Egypt for the 27th annual climate talks, a new report reveals that military spending is deepening the climate crisis by increasing emissions, diverting money and fuelling conflict in the most climate-vulnerable countries.
The report, Climate Collateral, produced by the international research organisation, Transnational Institute, together with Stop Wapenhandel (Netherlands) and Tipping Point North South (UK) examines the impact of rising global military spending on the climate crisis. It finds that:
- The richest nations (known as ‘Annex 2’ countries in UN climate negotiations) are spending 30 times as much on military as on climate finance
- The increase in military spending has led to rises in military greenhouse gas emissions, calculated to currently make up 5.5% of total greenhouse gas emissions.
- Rather than providing climate finance, Annex 2 countries are selling arms to 40 of the most climate-vulnerable nations fuelling conflict and instability as the climate crisis deepens