BRICS calls for more climate finance, flags debt constraints on developing economies - Moneycontrol.com
BRICS calls for more climate finance, flags debt constraints on developing economies - Moneycontrol.com
Source: Moneycontrol.com
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DW NOTE
BRICS nations have run up $15 trillion in external debt over two decades while lecturing creditors on climate obligations. The bloc wants developed economies to finance green transitions in countries that borrowed heavily to build coal plants, then defaulted when commodity prices turned. Debt relief dressed up as climate justice is still debt relief — and the same governments will be back for the next round.