It’s them or us, not all of us: Ukraine war showed rich countries can find money for diversifying their own energy supply but not for global climate finance. It also showed how fossil fuel companies exploited governments’ energy security concerns

The war in Ukraine has killed thousands, displaced millions and damaged the region’s economy. But the cost of this war is being borne worldwide, especially by the poor.

The war’s most significant consequence has been an extraordinary increase in food and fuel prices. As a result, most of the world’s population has paid through its nose to procure basic food and energy.