Climate Action Requires Debt Relief | by Vera Songwe & Moritz Kraemer - Project Syndicate

Climate Action Requires Debt Relief | by Vera Songwe & Moritz Kraemer - Project Syndicate

Developing countries are caught in a vicious cycle of debt distress and climate vulnerability, where rising borrowing costs and climate risks curtail growth and strain public budgets. Breaking free will require reforms that combine climate finance, debt relief, government investment, and private capital.