Countries in the global south are disproportionately impacted by climate change. Yet the existing global climate finance goal of US$100 billion per year has never been met. And, according to the OECD, 71 per cent of public climate finance is delivered through loans.

The upcoming Seventh Technical Expert Dialogue (TED 7) on the New Collective Quantified Goal on climate finance (NCQG), which brings together negotiators from all UN countries, is the opportunity to address this.  If debt is not addressed it will put at serious risk the achievement of the Paris Climate Agreement and the Sustainable Development Goals. 

Eurodad, Debt Justice, Jubilee USA, ActionAid, Latindadd, Debt Justice Norway, and the Bretton Woods Project have responded to a public consultation ahead of the Dialogue. It is additionally supported by 38 civil society organisations (CSOs), including environmental and climate CSOs, human rights CSOs, and gender CSOs. A full list of CSOs supporting this submission can be found below.

Report by Leia Achampong and Iolanda Fresnillo (Eurodad), Tess Woolfenden (Debt Justice), Aldo Caliari (Jubilee USA), Carola Mejía (Latindadd), Hamdi Benslama (ActionAid International), Julie Rødje (Debt Justice Norway).