17/09/2026
Day 4 : The Numbers Don't Lie - Debt is Fuelling the Climate Crisis
Yesterday ActionAid released shocking new data from our report "Debt Fuels the Climate Crisis: How Finance Flows" – and the injustice is stark. The global finance system is flowing in the WRONG direction.
📊 Key findings:
🔴 The Global South is paying 225 TIMES MORE in debt repayments than it receives in climate finance grants.
🔴 In 2026 alone, the Global South will pay USD 8.8 TRILLION in debt repayments – swallowing up 43.5% of all budget revenues. The worst debt crisis ever recorded.
🔴 Meanwhile, the Global North provided only USD 39 BILLION in grant-based climate finance in 2024.
Countries that have done the LEAST to cause the climate crisis are being forced to finance those who have done the MOST.
This is why we say: Fixing the debt crisis IS climate action. Cancelling unjust debt could be one of the most impactful and achievable climate solutions available.We cannot talk about climate justice without talking about debt justice.
Read the full report here: https://lnkd.in/dY9xVUzc