Klimakrise: Wie wir mit neuen Abgaben Schuldenländer retten können!

Klimakrise: Wie wir mit neuen Abgaben Schuldenländer retten können!

climate catastrophes drive countries into debt trap. But there is a way out!

The world is on the abyss! After the devastating hurricane Beryl, who swept through the Caribbean five months ago, Grenada was destroyed. In order to escape the financial burden, the country has activated a clause that allows it not to serve any debts for a few years. This measure provides urgently needed liquidity, which is provided on cheaper conditions than other financing instruments. But this relief is not free - the debt must be repaid at some point!

Ontwikkelingslanden die het meeste lijden aan de gevolgen van klimaatverandering betalen jaarlijks meer dan $ 100 miljard voor klimaatgerelateerde verliezen en schade. These countries hardly contribute to global warming, but are still faced with enormous debts. How can you demand international contributions from those who are responsible for climate change? Politically, this is a challenge, because voters tend to support politicians who speak against foreigners and for national interests.

a historical comparison

The idea of international taxes to finance losses and damage is often dismissed as unrealistic. But the story shows that quick action is possible! Na de ramp in Torrey Canyon in 1967, waarin meer dan 100 miljoen liter ruwe olie in zee kwam, reageerde de internationale gemeenschap snel en creëerde het Fund Compensation Fund van de internationale maritieme organisatie. Every buyer of bicycled oil pays in this fund that has been making compensation for more than 150 oil pollution since 1978.