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 once again shirked their responsibility and passed the buck onto countries who have done the least to create the climate crisis. COP28 will leave a legacy of a deepening debt crisis, as lower income countries receive inadequate and loan-based climate finance. Without urgent debt cancellation and rich countries significantly scaling up public, grant-based climate finance, it will be impossible for lower income countries to transition to sustainable renewable energy.” 


Debt Justice (formerly Jubilee Debt Campaign) is a UK charity working to end poverty caused by unjust debt through education, research and campaigning: https://debtjustice.org.uk/  

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