Bankrolling Climate Change: Why it is time to end Hermes flights of fancy
June 4, 2008
While the threat of climate change and the urgent need for action become ever clearer, air transport and other polluting industries are expanding on a massive scale. Supposed green pioneers such as Germany are supporting the trade with public money it hands out through its export credit agency Hermes AG. This joint briefing note by urgewald and FERN focuses on these contradictions and looks for a way out of a system that speaks of concern about climate change whilst funding some of its biggest causes.