Tue. Jul 2nd, 2024

How lending-based climate finance is pushing poor countries deeper into debt<!-- wp:html --><p>After more than a decade of disappointment, the world’s wealthiest countries may have finally fulfilled their 2009 promise to mobilise $100 billion a year to help developing countries face the climate crisis. But the harsh truth is that developing nations are going to have to pay most of that money back – with interest.</p><!-- /wp:html -->

After more than a decade of disappointment, the world’s wealthiest countries may have finally fulfilled their 2009 promise to mobilise $100 billion a year to help developing countries face the climate crisis. But the harsh truth is that developing nations are going to have to pay most of that money back – with interest.

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