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 around the world, the briefing outlines how many countries in the global south rely on fossil fuel revenues to repay debt. However, anticipated revenues are often overinflated and require huge investments to reach expected returns, leading to further debt.
Global south governments will not be able to phase out fossil fuel production unless we address harmful debt levels and inequalities embedded within the existing debt systems.