Poorer countries spend five times more on debt than climate crisis – report

Charity says lower income countries handing over billions of dollars in debt is impeding their ability to tackle crisis

Lower income countries spend five times more on debt than coping with the impact of climate change and reducing carbon emissions, according to a leading anti poverty charity.

Figures from Jubilee Debt Campaign show that 34 of the world’s poorest countries are spending $29.4bn (£21.4bn) on debt payments a year compared with $5.4bn (£3.9bn) on measures to reduce the impact of the climate emergency.

Continue reading...

source https://www.theguardian.com/environment/2021/oct/27/poorer-countries-spend-five-times-more-on-debt-than-climate-crisis-report

No comments:

Post a Comment

Featured post

Ethiopia’s controversial quest for the sea

https://ift.tt/4t29xJd Ethiopia is famously landlocked. That’s why the ambitious Ethiopian prime minister Abiy Ahmed has long harbored visi...