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Climate costs mount for poorer nations already burdened by debt

Climate costs mount for poorer nations already troubled by debt | Antony Sguazzin, Ronojoy Mazumdar & Prinesha Naidoo / Bloomberg

Pakistani Prime Minister Shehbaz Sharif warned world leaders at the COP27 climate talks last November that developing nations risk falling into a “financial debt trap” if they’re forced to turn to the markets to cover the mounting costs of climate change. Six months on, with rates and temperatures rising, his prediction looks…

Climate costs mount for poorer nations already burdened by debt

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