Climate and Debt: Interconnected Crises and Responses (Past)

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**** REGISTER FOR THE ZOOM WEBINAR HERE ****

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This webinar will discuss the vicious cycle between the debt crisis and climate crisis, identifying practical ways in which reform of the international financial architecture can help to break this cycle. 

We will hear from an exciting line-up of debt and climate justice speakers – including Andrew Fanning, the DEAL Team's Research & Data Analysis Lead – about the different ways in which sovereign debt crises accelerate the climate crisis – and how climate crisis in turn deepens debt crises.

We will also look at the big picture contrast between the brutally enforced external debts owed by lower income countries relative to the much larger but unenforced climate debts owed by rich countries. How can reform to the international financial architecture help to address this imbalance?

Both the climate and debt crises – and current responses to them – have a disproportionate impact on women and girls, especially those facing intersecting discriminations. Our focus will be on identifying effective actions and responses that could help to break this cycle of injustice that perpetuates colonial relationships between Global North and Global South countries, including through:

•  A UN Framework Convention on Debt,
• Reform of Private Credit Rating Agencies
• Bold action on progressive domestic resource mobilisation
• Delivery of ambitious grant-based climate finance,
• Progress on the UN Convention on International Tax Cooperation, and
• A systematic focus on building caring economies and societies, for both people and the planet.

This webinar anticipates the Official Side Event of the same title that will occur in-person at the UN Financing for Development Conference in Seville (FFD4) on 1st July at 4:30-6.00 pm in Auditorium 3). We will analyse the progress being made on these key actions in the negotiations towards the final draft of the FFD4 Outcome Document and flag where additional actions will be needed beyond this – including at UN General Assembly, in climate negotiations at COP30, and beyond.

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**** REGISTER FOR THE ZOOM WEBINAR HERE ****

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