Debt demands & debunking distractions for climate action

Coordinated by thirty member organisations of the global Debt and Climate Working Group, this briefing is launched during the Bonn Climate Change Conference (3-13 June) and the 10th Technical Expert Dialogue for the process of establishing a new post-2025 climate finance goal. 

 

There has been increasing recognition of the climate change-debt trap that many global south countries face. However, a growing number of proposals have emerged that are inadequate to address the scale of the debt and climate challenges. These proposals risk serving to distract, delay and avoid the deep changes needed to solve the problem. This briefing debunks these false solutions and promotes real, achievable solutions that are based on comprehensive debt cancellation and grant-based climate finance.