Research
Developing countries face climate finance deficit as loan repayments soar
Climate Home News · By Matteo Civillini ·
The Brief
- Rich governments and development banks are delivering more climate finance as loans, according to new research.
- Developing countries could pay back more each year than they receive in new climate lending by the mid-2030s.
Why it matters
The findings suggest loan-based climate finance may drain more money from developing countries than it brings in, which bears on how future climate funding is designed.
Who’s affected
- climate finance researchers
- policymakers working on climate finance and development lending
- governments of developing countries
- #climate finance
- #development loans
- #debt
- #developing countries
- #loan repayments
With rich governments and development banks delivering more climate finance as loans, developing countries could be paying back more each year than they receive in new lending by the mid-2030s, new research has found. CARE Denmark and the CARE Climate Justice Center worked out…
Timeline
Climate Home News reports research by CARE Denmark and the CARE Climate Justice Center finding developing countries could repay more than they receive in new climate loans by the mid-2030s
Climate Home News
Developing countries face climate finance deficit as loan repayments soar