Climate Update

KLIMAGERECHTIGK.

The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems

KLIMAGERECHTIGK.

The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems

KLIMAGERECHTIGK.

World Bank and IMF urged to back plan at Spring Meetings.

KLIMAGERECHTIGK.

Schulden sind ein Machtinstrument, mit dem reiche Länder sich billige Arbeitskräfte und Ressourcen sichern, sagt Dianah Mugalizi. Die Koordinatorin der Bewegung Debt for Climate in Kenia fordert eine Schuldenstreichung, ähnlich wie für Deutschland nach dem Krieg.

KLIMAGERECHTIGK.

As host of the G20 summit last weekend, Indian prime minister Narendra Modi was right to highlight the importance of debt relief. But he and other G20 leaders could have done more to recognise how economic reliance on fossil fuels has made debt crises worse.

TECH. & ENERGIE

The West African nation is preparing to import LNG under a long-term agreement with Shell which critics say Ghana doesn’t need and can’t afford. In the past, his earnings have been sufficient to provide for his family. But Gakpo is now struggling to make ends meet.

Poor countries will be able to pause their debt repayments if hit by climate disaster, under plans announced by the World Bank at the finance summit in Paris.

Portugal has signed an agreement to swap Cape Verde’s debt for investments in an environmental and climate fund that is being established by the archipelago nation off West Africa’s coast, Portuguese Prime Minister Antonio Costa said on Monday.

Der fossile Kapitalismus lasse sich eher von den Rändern her bezwingen, sagt der argentinische Aktivist Esteban Servat. Mit der Initiative «Debt for Climate» glaubt er, einen wirksamen Hebel gefunden zu haben.

TURNEFFE ATOLL, Belize — Belize faced an economic meltdown. The pandemic had sent it into its worst ever recession, putting the government on the brink of bankruptcy. For Belize, that meant its oceans, endangered mangroves and vulnerable coral reefs.

AUSWIRKUNGEN

NAWABSHAH, Pakistan — The young woman waded into the waist-deep floodwater that covered her farmland, scouring shriveled stalks of cotton for the few surviving white blooms. Every step she took in the warm water was precarious: Her feet sank into the soft earth. Snakes glided past her.

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A member of the A'i Cofan community guard walks across the Aguarico River in Ecuador's Amazon, where indigenous groups were granted power to block mining projects after a ruling by the country's Constitutional Court, in Sinangoe, Ecuador March 5, 2022. Picture taken March 5, 2022.

BEWEGUNG

This could be how the fight against climate breakdown reaches critical mass. It has proved too easy to stop people uniting around the crucial issues of our time.

WIRTSCHAFT

For a long time, Suriname’s economy has been concentrated on oil and mining. Now, the small middle-income nation in South America is facing a public debt crisis and has defaulted on its sovereign debt payments.

KLIMAGERECHTIGK.

Die Bewegung "Debt for Climate" ruft zu Protesten anlässlich der Weltbank-IWF-Tagung auf. Ohne eine Streichung der Schulden der ärmsten Länder werde es keine globale Energiewende geben.