Spending on nuclear weapons reached a record $91B; this is enough to provide greenenergy for 12 million homes.
Wednesday, June 19, 2024
As reported by the International Campaign to Abolish Nuclear Weapons (ICAN), the nine states that possess nuclear weapons spent $91.4B on them last year. This spending is effectively useless, as the nuclear states agree that a nuclear war is unwinnable, so one should not be conducted.
At the same time, $91.4B per year “could provide wind energy for more than 12 million homes or reduce the global climate change financing deficit by 27%.”
The report indicates that nuclear powers spent $10.7B more on nuclear weapons in 2023 compared to 2022. The US spent $51.5B, China spent $11.8B, and the Russian Federation spent the third largest amount at $8.3B. Over the past five years, nuclear powers have spent $387B on their arsenals.