Debts

Many climate-vulnerable countries cannot invest in low-carbon development unless they are offered debt relief. Policymakers must agree to reform the debt architecture and provide more concessional finance.

In the climate negotiations at COP28, the question of financing the climate crisis will be at the forefront of the debate. However, many countries in the Global South are struggling to channel extra funds into climate action, due to the unfolding debt crisis.

A new report from the DRGR project analyzes new data on the level and composition of public and private external sovereign debt for emerging markets and developing economies and how this relates to climate vulnerability.