Factories producing livestock and poultry are notorious for their negative impacts on the environment. Merel van der Mark, head of Animal Welfare and Finance at Sinergia Animal, highlights that factory farming contributes substantially to greenhouse gas emissions, resulting in deforestation, biodiversity loss, animal cruelty, and water pollution. Despite pledges to adhere to climate agreements, development banks like the World Bank continue to invest heavily in these damaging practices, undermining global climate goals and initiatives intended to limit temperature rise to 1.5°C.
In 2023, the Green Climate Fund alongside 11 of the 15 multilateral development banks channeled at least $2.27 billion into factory farming. The findings from the report, released by the Stop Financing Factory Farming coalition, indicate a stark contradiction to the institutions' commitments toward climate-friendly investments, revealing their substantial financial support for a sector recognized as a major environmental threat.
Collection
[
|
...
]