Resolving Debt Issues While Financing the Green Transition in the Global South
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The effects of climate change hit countries in the Global South disproportionally. While the physical and economic impact of extreme weather in areas such as Sub-Saharan Africa, South and South-East Asia and Latin America is the strongest, these regions often lack the means to deal with it. Additionally, most developing countries still strongly rely on the export of raw materials and products, while their domestic industries and financial markets remain underdeveloped. Simultaneously, many of the world’s ecological systems are located in those regions, lacking the means to protect them. Without the ability of the Global South to invest, environmental goods such as a stable climate and preserved nature will continue to be under permanent pressure.
Author: Sara Murawski
Roundtable: International Financial Architecture
Year: 2022