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.
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Issue Section:Dossier from Strike Debt