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Climate debt repaymentPhys Org
•Science
Science
83% Informative
Wealthy nations have polluted more than their fair share of the atmosphere with greenhouse gases, says Astrid Haas .
The climate debt is based on the idea that wealthy nations polluted the atmosphere.
Africa is urbanizing too, and needs funds to house nearly a billion additional people by 2050 and adapt its cities to climate change.
Most climate finance globally is money lent to countries and an estimated 60% of developing country debt is owed to private creditors.
If climate finance is meant to be a reparation from wealthier countries, then it should not need to be paid back.
African leaders must ensure that these funds are directed toward climate-resilient infrastructure, services like health and education and long-term economic transformation.
VR Score
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English
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