Debt for Climate

 "This sounds like a really exciting way to break through the political impass we are stuck in."
- George Monbiot on Debt for Climate

We are a grassroots, Global South-driven initiative connecting social and climate justice struggles by uniting labor, social and climate movements from the Global South and North toward a common goal: Turning debt-trap diplomacy on its head by canceling the debt of impoverished nations as a way to pay for leaving fossil fuels in the ground and financing a just and self-determined transition. The implementation of a global Debt-for-Climate initiative has the potential to leave trillions of dollars in fossil fuel reserves in the ground, while freeing countries from a strangling debt burden often used as a tool for further extraction of natural resources. We are organizing globally coordinated actions to push these demands during relevant political events, such as the G7-summit at the end of June 2022.

Watch our action video here:  https://twitter.com/DebtforClimate/status/1550167774231760896?s=20&t=Z9tHB-BMX4qkoh_66GCtzw 

In the lead-up towards COP27, we will come together again globally to tackle financial colonialism head-on during the annual meeting of the World Bank and the International Monetary Fund from October 14th-16th. Our actions will be held in memory of Thomas Sankara, who was assassinated on October 15th 35 years ago for denouncing the neocolonial nature of global debt policies. 

This is just the beginning of a multi-year campaign that has the potential of politicizing the climate justice movement about the economic foundations of the climate crisis and invite them to overcome the fear from the complexity of financial colonialism. This will lead to a movement that is empowered to organize meaningful actions against the systemical roots of the climate crisis, and a movement that is able to truthfully connect to labour and social movements by engaging in a common topic of essential relevance.