How did COP30 stack up against demands for debt and climate justice?
This blog reviews the outcomes of COP30 against the demands of the Debt and Climate Working Group COP30 in Belém has now come to an end. What was billed as…
Reaction to Hurricane Melissa
For more information and interviews, contact Jerome Phelps on +44 (0)300 040 0011 In response to the destruction caused by Hurricane Melissa in the Caribbean, Richard Jones, Executive Director of…
Debt-for-nature swaps reduce debt seven times less than debt restructurings
For more information and interviews contact Jerome Phelps on +44 7817 628196 New research released today by Debt Justice finds that debt-for-nature swaps have on average reduced debt levels by…
A climate finance COP – or a massive flop?
Rising sea levels, tropical storms and droughts aren’t just destroying lives and ecosystems, they are also pushing lower-income countries further into crushing debt. This year’s international climate talks – COP29…
Drowning in Debt: The Climate Finance Failure of COP29
This COP was supposed to be an opportunity for rich countries to finally stump up the bill for their climate debt – to provide adequate, public, grants-based climate finance of…
COP28 outcomes for debt justice: a legacy of deepening debt crisis
The curtains were drawn on COP28 yesterday as negotiations came to an end a day later than expected. Despite some progress on acknowledging the need to transition away from fossil…
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 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…
