Debts hurt climate action by forcing nations to produce fossil fuels (and other commodities) for money.

Massive debt-for-climate swaps are needed + plus real power should be handed to emerging nations (and importantly to vulnerable people in those countries).

The IMF and UN need to be reformed. Is the IMF making the climate crisis worse, because of debt-policies that make it worse for vulnerable people and require quick fixes such as increased fossil-fuel production to repay debt (which keeps US voters happy by lowering the global oil price)?

The solution is not more debt. Carbon markets need to boost revenue for vulnerable countries in a fair way. That is, they need to be sold for a price that’s more than $50 / ton.

“It’s madness [to boost debt] and we have to call it out,” said David Archer, Head of Programmes and Influencing at Actionaid, which seeks to narrow the gap between rich and poor.

See this video: