Many Global South countries spend five times more on repaying debt than tackling climate change – governments meeting in Seville next month can stop this downward spiral
The US administration has pulled clean energy and just transition funding in South Africa and is pressuring EXIM and the World Bank to back fossil fuels
Least-developed countries and island nations are struggling with crippling debt levels made worse by global currency fluctuations and climate disasters hitting their economies
If successfully implemented, the sovereign-backed investment fund – championed by Brazil – could generate far more money for tropical forests than traditional donor models
The UK is the latest wealthy nation to announce cuts to its overseas aid budget after agreeing to step up climate finance to developing countries at COP29
Mafalda Duarte stresses the strategic and economic importance of keeping money flowing to developing countries after Trump cancelled $4bn pledge to the fund