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The Climate Crisis Is a Debt Crisis

The Climate Crisis Is a Debt Crisis The climate crisis is intimately related to the debt crisis. First, developed nations owe a climate debt to developing nations, meaning extra space under the emissions limits to develop the former’s economies. Second, the need to restrict emissions means that growth-based solutions to the debt crisis cannot stand. Finally, disaster relief is provided primarily in the form of interest-bearing loans rather than grants. A debt strike is therefore also a climate strike. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png South Atlantic Quarterly Duke University Press

The Climate Crisis Is a Debt Crisis

South Atlantic Quarterly , Volume 112 (4) – Sep 21, 2013

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Publisher
Duke University Press
Copyright
Copyright © Duke Univ Press
ISSN
0038-2876
eISSN
1527-8026
DOI
10.1215/00382876-2345324
Publisher site
See Article on Publisher Site

Abstract

The climate crisis is intimately related to the debt crisis. First, developed nations owe a climate debt to developing nations, meaning extra space under the emissions limits to develop the former’s economies. Second, the need to restrict emissions means that growth-based solutions to the debt crisis cannot stand. Finally, disaster relief is provided primarily in the form of interest-bearing loans rather than grants. A debt strike is therefore also a climate strike.

Journal

South Atlantic QuarterlyDuke University Press

Published: Sep 21, 2013

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