Remember when the World Trade Organization, the World Bank, and International Monetary Fund were constantly making global headlines for their fierce opposition from people’s movements around the world?

Well, international Finance Institutions (including the World Bank) are rearing their ugly heads again—this time with the U.N. as their vehicle.

Today, more than 50 social movements, trade unions, environmental groups, and NGOs from 17 countries issued a statement at the United Nations in Bangkok, where UNFCCC climate negotiations move into their fifth day.

The groups, which include several large international networks, said that rich countries should acknowledge their historical responsibility and the “ecological and climate debts” they owe to the Global South countries.  “Deep, drastic cuts in greenhouse gas emissions, through domestic measures is part of reparations,” the statement said. “They took much more than their fair share of atmospheric space, and in the process denied the people of developing countries—the people of the South—their rightful share. They must give it back.”

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This article is for information purposes only. The Greenhouse Neutral Foundation does not represent or endorse the accuracy or reliability of any information provided.