she pointed out that climate finance to small island states declined by 25 percent in 2019 but she also offered 00:22:36 what she called a sword that can cut down this gordian knot of finance and she reminded us that 25 trillion dollars of quantitative easing has been produced in the last 13 years and that 9 trillion 00:22:49 of that was just in the last 18 months alone in order to deal with the covet crisis an annual increase in special drawing rights of 500 billion dollars a year for 20 years putting trust to finance the 00:23:01 transition is what she suggested is the real gap that we need to close not the 50 billion being proposed for adaptation and she concluded by saying if 500 billion sounds big it's just two percent 00:23:14 of that 25 trillion dollars that has already been created through quantitative easing so my question is is actually not an economic question it's more of a political question really what are the barriers to using that mechanism for the 00:23:28 enormous threat of climate change in the way it's been used for the frankly lesser threat of of covid and what can be done to build support for it
Excellent comparison give here. Unless we have salient comparison of figures, we can think a number sounds big.
