Debt Relief for Climate Vulnerable Countries explained [2023]

Vulnerable countries suffer from massive debt and the climate crisis: The proposal “Debt Relief for a Green and Inclusive Recovery” would address both crises in one go. This short video explains how the proposal would work. It was drafted by an international group of financial experts from the Global North and the Global South. Please share - the COP28 and the G20 must take note! More information: https://drgr.org/ Table of contents 00:01 Triple crisis of the global south: climate, debt, lost development 00:27 How can indebted countries respond? 00:47 1. Debt analysis: integrate climate resilience & sustainable development goals 01:10 2. Develop a green & inclusive recovery strategy 01:30 3. Countries receive a reduction of their overall debt level 01:45 4. Creditors can exchange to new green and inclusive recovery bonds 02:07 5. Debt service creates fund for green and inclusive recovery Updated video: first released in October 2021