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Growing debt payments hinder climate action in vulnerable countries

Growing debt payments hinder climate action in vulnerable countries

Debt payments by the 50 countries most vulnerable to the climate crisis have doubled since the pandemic, hindering their ability to address global heating.

Larry Elliott reports for The Guardian.

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Photo by Alan Alquist on Unsplash

What if debt was written off to protect climate and nature?

From Barbados to Belize, nations are beginning to swap debt for action on climate and conservation. But how far can this help without deeper reform of the global financial system?
TMX oilsands pipeline
Image by Robson Machado from Pixabay

Dear TMX oilsands pipeline owner (that’s you)

Greetings, thanks for investing, and please brace yourself for some very bad news.

Dear TMX oilsands pipeline owner (that’s you)

Greetings, thanks for investing, and please brace yourself for some very bad news.
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Big Stock Photo

Rich countries ‘trap’ poor nations into relying on fossil fuels

Kaamil Ahmed reports for The Guardian that campaigners are criticizing a ‘new form of colonialism’, where countries in the global south are forced to invest in fossil fuel projects to repay debts.

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debt-for-nature swap conservation paris

Are debt-for-nature swaps the way forward for conservation?

Agreements to reduce developing countries’ debt burden in exchange for spending on nature will be on the agenda at a finance summit in Paris this week.

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House GOP’s debt-limit plan seeks to repeal major parts of Democrats’ climate law

House Republicans’ proposal for averting a breach of the federal debt limit seeks to relitigate one of the most consequential congressional debates of last year — by taking an ax to President Joe Biden’s signature climate law.

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