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WWF has called upon the Ministers of Finance from the G20 countries, meeting in Paris on 14 and 15 October, to take seriously the critical role that innovative sources of finance can play in addressing the global crisis and its possible remedies.
The current economic crisis is not limited to failing stock markets but also about millions of unemployed people unable to find another job, and countless more lacking access to food, water and energy, a situation that is being severely aggravated by climate change. And a devastating famine in the Horn of Africa shows that the poorest people are also the most vulnerable to the current and future impacts of extreme weather events. Innovative solutions do exist. These solutions address the twin crises of economy and environment. They also generate much needed public revenue that could fund the transition towards low-carbon and climate resilient economies.