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Global South countries spend 5 times more on repaying debt than addressing the climate crisis. With 160 days to go before COP28, activists are calling on rich countries to 'Cancel The Debt for Climate Justice'.
A letter from policy experts calls on Global North leaders to put real global financial system transformation on the agenda, starting by redirecting funds from fossil fuels, unfair colonial debts, and the super-rich.
'The 46 least developed countries account for less than 1.3% of global gross domestic product, yet they hosted more than 20% of all refugees,' a new report by the United Nations shows.
