by Kenneth Pennington
… A new report from the Institute of Policy Studies provides the most accurate calculation of government spending on climate security to date. The picture isn’t pretty. We’re spending 28 times as much on military security than climate security. A public sector investment of $55bn per year is required to meet the challenge, according to the study. With $21bn in the 2017 budget, a shortfall of $34bn is left.
That may seem like an insurmountable hill to climb. It’s not! As the IPS report points out, plenty of money lies untouched in the nation’s bloated military budget.
The F-35 fighter plane program is a prime candidate for big cuts. It’s the most expensive weapon ever designed, complete with massive cost overruns. The sad cherry on top: the military admits that this plane just doesn’t work. If we turned back now, IPS says we could build enough offshore wind farms to power 320,000 homes for millions of people.