Ease debt for countries hit hardest by climate change

Swapping debt for investments in climate change adaptation has worked before, and is desperately needed.

Cyclone Pam devastated Vanuatu in 2015. Least developed countries need all the resources they can get to prepare for natural disasters that appear to be becoming more common as the climate changes.Photograph courtesy of Graham Crumb

News

BY STEPHANIE MCDONALD

April 19, 2017

Developing countries are collectively faced with a bill climbing into the trillions of dollars, to cover the costs of action on climate change, and on servicing foreign debt. While developed nations, including Canada, have committed to mobilizing U.S. $100-billion a year by 2020 to support developin...

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