‘A Form of Crisis Profiteering’ – Report Slams Rich Nations over Climate Loans

‘A form of crisis profiteering’ – report slams rich nations over climate loans

Rich countries are pushing poorer nations further into debt by giving most climate aid as loans instead of grants, a report published on Monday warned. The money often ends up back in the pockets of donor countries while vulnerable nations struggle to respond to climate disasters.

Africa: Two Thirds of Climate Funding for Global South Is Loans As Rich Countries Profiteer From Escalating Climate Crisis

Press Release - New research by Oxfam and CARE Climate Justice Centre, published today, finds developing countries are now paying more back to wealthy nations for climate finance loans than they receive- for every 5 dollars they receive they are paying 7 dollars back. 65% of funding is delivered in the form of loans.

Two thirds of climate funding for developing countries delivered open mess as loans fueling $3.3 trillion debt - Capital Newspaper

Rich countries are “profiteering  from escalating climate crisis” because they are providing the largest share (two-thirds) of their money to the Global South (developing countries) in the form of loans to respond to the climate crisis. This puts vulnerable countries under a severe debt burden totaling $3.3 trillion. According to the “Climate Finance Shadow Report 2025” released today October 6,2025, by Oxfam and the CARE Climate Finance Justice…