While developed countries disproportionately caused the climate crisis, developing countries have disproportionately suffered the consequences. As a result, a debt is owed. Yet, the opposite is happening as developing countries are the ones saddled with the crushing burden of debt payments. According to a report from the IMF and World Bank, 47 developing countries will pay $400 billion dollars to service their debts in 2024. With the risk of default, these countries are not able to devote the money needed to address the climate crisis. As the UN Climate Change Conference takes place in Azerbaijan, we will focus on the enormous moral and financial issues at stake with climate debt.

Athena Peralta from the World Council of Churches and Karimi Kinoti from Edeni Platform will discuss these critical matters.

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