Global Peace Dividend
Redirect world military spending towards climate, health, and prosperity
50+ Nobelists make a simple proposal to humankind
Over 50 Nobel laureates, the presidents of several Academies of Sciences, and other leading intellectuals launched an appeal to all peoples and their governments.
Reduce military spending by 2%/year in all countries.
In 2020, the year the world economy collapsed due to COVID, 100 million people were affected by floods, storms and other climate-related disasters, and rich countries fell short of their climate finance pledge, world military spending rose to 2 trillion USD—2.6% more than in 2019 and twice higher than in 2000. These massive investments in weapons are a colossal waste.
Save over 1 trillion USD by 2030 to address planetary emergencies.
If all countries reduce their military spending by 2%/year starting in 2025, a "global peace dividend" of 1.3 trillion USD will be liberated by 2030, at no cost to any nation. These are immense resources, comparable to planned investments in renewable energy globally during this period.
Cooperate to end the arms race.
Nations increase military spending simply because others are doing it as well. To escape this vicious circle the only path is through international negotiations. Past arms reduction treaties, e.g. between the USA and USSR, demonstrate that cooperation is possible—even between adversaries.
All countries should reduce their military spending to address humanity’s grave common problems: pandemics, climate change, and extreme poverty.
Signatories
Carol Greider
Nobel Prize Laureate in Physiology or Medicine
In the news
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