CNN — Scientists have watched in astonishment as ocean temperatures have steadily risen over the past several years – even as the cooling La Niña phenomeno
Governors Wind Energy Coalition
How Debt and Climate Change Pose ‘Systemic Risk’ to World Economy Source: By Somini Sengupta, New York Times • Posted: Thursday, April 8, 2021
With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are calling for green debt relief.
Families rescued by boat arrived near Beira, Mozambique, in March 2019 after Cyclone Idai caused widespread flooding.Tsvangirayi Mukwazhi/Associated Press
How does a country deal with climate disasters when it’s drowning in debt? Not very well, it turns out. Especially not when a pandemic clobbers its economy.
Take Belize, Fiji and Mozambique. Vastly different countries, they are among dozens of nations at the crossroads of two mounting global crises that are drawing the attention of international financial institutions: climate change and debt.