Four areas of application show: Our current consumption of raw materials is globally and socially unjust and ecologically unsustainable. We need a raw material transition towards truly circular and sustainable producttion and consumption patterns.
Climate-related shocks are becoming more frequent and severe. More than ever, countries must invest in climate resilience and just transitions, but for many emerging market and developing economies, high debt burdens put achieving climate and development goals out of reach. A new policy brief explains the proposal advanced by the Debt Relief for Green and Inclusive Recovery (DRGR) Project.
The report analyzes new data on the level and composition of sovereign debt for emerging markets and developing economies and its relationship to climate vulnerability. It estimates the size of debt restructuring and suspension necessary for countries in or at high risk of debt distress to achieve debt sustainability and put them on a path towards meeting their development goals and climate commitments.
Together with the Supply Chain Law Initiative, SOMO, Swedwatch and Germanwatch, we show in this short position paper why due diligence in downstream value chains is necessary and how it can be implemented. We also make key recommendations fort he EU supply chain law.
