COP28 leaves a legacy of deepening debt crisis
For more information and interviews contact Jerome Phelps on +44 7307 620372 Reacting to the outcome of COP28, Tess Woolfenden, Senior Policy Officer at Debt Justice, said: “Rich countries have…
Reaction to new taskforce to boost sustainability-linked sovereign financing for nature and climate at COP28
For more information and interviews contact Jerome Phelps on +44 7307 620372 The Joint Declaration and Task Force on Credit Enhancement for Sustainability-Linked Sovereign Financing was announced today at COP28…
Reaction to UK Climate Resilient Debt Clauses and investment announcement at COP28
For more information and interviews contact Jerome Phelps on +44 7307 620372 The UK has announced today on climate finance day at COP28 that it has reached an agreement to…
Reaction to operationalisation of Loss & Damage Fund at COP28
For more information and interviews contact Jerome Phelps on +44 7307 620372 The Loss and Damage Fund governing arrangements were adopted today on the first day of COP28. Heidi Chow,…
Yanis Varoufakis, Thomas Picketty, Vanessa Nakate, and leading experts call for debt cancellation at COP28
For more information and interviews contact Jerome Phelps on +44 7307 620372 More than 550 economists, development and climate experts including leading economists Yanis Varoufakis, Thomas Picketty, Jayati Ghosh, Ann…
NEW REPORT: The colonial roots of global south debt
This report exposes how current global south debt is both a colonial legacy, and a neo-colonial tool used by global north governments, institutions and corporations to plunder the wealth of,…
Lower-income countries have paid out $2.7 trillion in interest payments since 1970
For more information and interviews contact Jerome Phelps on +44 7307 620372 Lower-income countries have been forced to pay out $2.7 trillion in interest payments to creditors since 1970, according…
NEW REPORT: Decoding Debt Injustice
This guide sets out how to collect, analyse, and present data, to shed new light on how the global debt crisis impacts people’s rights. Co-published with The Centre of Economic and Social…
Rising debt locks global south countries in fossil fuel production
For more information and interviews contact Jerome Phelps on +44 7307 620372 Global south countries are trapped in relying on fossil fuel exploitation to generate revenue to pay debts, according…
The Debt-Fossil Fuel Trap
This new briefing exposes the debt-fossil fuel trap that many countries in the global south are trapped in and proposes solutions to break this toxic cycle. Published with allies from…
