Despite being least responsible for climate breakdown, it’s lower income countries that are experiencing its harshest and most destructive effects – from heatwaves to hurricanes, floods, droughts and mudslides. It’s a complete injustice.
Lower income countries urgently need to address the impacts of the climate crisis and switch to a green economy. But many are prevented from doing so by unsustainable debts – with vital funds instead being drained away in debt repayments to some of the world’s richest lenders.
Right now, they are spending five times more on debt repayments than on dealing with the effects of the climate crisis. And worse still many countries are being forced to invest in fossil fuels to pay off debts.
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