Download or read book Dirty Money and the Destruction of the Amazon written by Sofia Gonzalez and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S. actions to curb climate change have included domestic environmental reforms, investments in the energy transition, and foreign aid (albeit insufficient) to support climate adaptation and mitigation in developing countries. There has been less focus on what structural financial transparency reforms the U.S. should advance domestically to curb its role in hiding and moving the illicit proceeds of global environmental crimes, some of which contribute to the climate crisis. The U.S. Treasury Department estimates that illicit financial flows equaling 2% of U.S. gross domestic product (GDP), or approximately $466 billion, move through the U.S. financial system each year. The U.S. must investigate and take steps to address the role of its financial secrecy system in helping to perpetuate the climate crisis and enable environmental crimes.