Lower income countries spend five times more on debt than dealing with climate change
Jubilee Debt Campaign UK (JDC) released a briefing exposing how lower income countries are spending over five times more on external debt payments than projects to protect people from the impacts of climate change.
The figures, covered by The Guardian, show that 34 countries are spending $5.4 billion a year on adjusting to the impacts of climate change already underway, but $29.4 billion on debt payments which leave the country.
