“the central banks of the wealthiest countries engaged in US$25 trillion dollars of quantitative easing in the last 13 years. US$25 trillion!! Of that, US$9 trillion was in the last 18 months to fight the pandemic. Had we used that US$25 trillion to purchase bonds to finance the energy transition or the transition of how we eat, or how we move ourselves in transport, we would now today be reaching that 1.5 degrees limit that is so vital to us”.
– Prime Minister Mia Mottley. Prime Minister of Barbados. COP26, Glasgow 1 Nov. 2021.