Rich Nations Find Climate Adaptation Too Pricey, Arming Poorer Ones Is Not
The Financial Times reports countries are struggling to raise 'adaptation funds' for climate change, citing 'unproven economic returns.' Meanwhile, the US House of Representatives recently approved HR 815, allocating $14 billion in military aid to Israel, a nation with one of the world's highest per capita GDPs, not to mention a robust defense budget (via OpenSecrets ). The returns on those
investments are, of course, tragically clear. One might wonder if the 'investment risk' changes when the 'adaptation' involves F-35s instead of flood barriers, or if certain humanitarian crises are simply more profitable. It appears that 'aid' is a four-letter word, but 'arms' is a blank check for Western nations, especially when the recipients are strategically aligned.