Time to pay our climate debt

Dear friend,

I'm writing about our new campaign on Climate Debt. Rich industrialised nations are responsible for causing climate change, yet it is poor countries that are suffering its worst effects.

We believe that rich countries owe poor countries an enormous 'climate debt', both for the damage climate change will do and is doing to poor countries, and for the extra costs they will face in fighting poverty without following the same high-carbon path as the rich world.

At next month's UN climate summit in Copenhagen, the countries of the world will try to salvage a new agreement to tackle climate change, including how to pay for the changes that are needed. Outrageously, rich countries are currently offering even more loans to 'help' poor countries deal with climate change. What's more, they're proposing that the World Bank - central to the Third World Debt crisis - is in charge of this lending.

That's why we're joining with others in the UK and around the world in an effort to put economic justice at the heart of the global climate talks. A just climate deal at Copenhagen would provide grants not loans, so that poor countries can develop sustainably and cope with the impacts of climate change. An unjust deal could sink poor countries into another downward spiral of debt.

See below for more about the Climate Debt campaign. We've got a speaker tour around the UK this week, we've launched a new report which calculates the UK's climate debt, and our new action card is a climate debt invoice to Gordon Brown. We've also got some exciting plans for Copenhagen itself - watch this space.

Thanks for everything you do,

Jonathan Stevenson
Jubilee Debt Campaign

P.S. Earlier this month African delegates walked out of the Barcelona climate talks in protest at the lack of seriousness from rich countries. Read Nick Dearden and Tim Jones's article on how climate change is transforming global politics here.

Speaker tour this week

This week, we're co-hosting a Climate Justice Now! speaker tour in six cities around the UK. Speakers include:

  • Md Shamsuddoha, our main speaker, a campaigner from Bangladesh who has witnessed the effects that climate change is already having on countries in the global south. He also understands the politics of climate change - and will be giving the inside story on the UK's flagship climate aid deal with Bangladesh, as well as the Copenhagen summit itself.
  • Eriel Tchekwie Deranger, a First Nation Canadian activist who is resisting the extraction of oil from Canadian 'tar sands' by companies like BP, Shell and Chevron. This highly destructive form of oil extraction is having a devastating effect on the health of indigenous communities and is one of the most climate-polluting projects in the world.
  • Beatriz Souviron, the Bolivian Ambassador to the UK. She will talk about Bolivia's proposal for the rich world to pay back its climate debt at Copenhagen. Bolivia took the lead internationally in June when it proposed climate debt as the starting point of the negotiations. Since then, many other developing countries have supported their call.

Join us at one of the events in London, Birmingham, Brighton and Manchester. Full details >>

New climate debt report

Our new report, The Climate Debt Crisis: Why paying our dues is essential for tackling climate change, finds that the current offers for climate finance from the rich world are grossly inadequate given the scale of the rich world's climate debt.

The UK's estimated 'climate debt' to the developing world is at least £600 billion - payable at £17 billion a year between now and 2050. This is vastly less than the current

What's worse, rather than 'aid' to compensate developing countries for a problem the rich world has caused, this climate finance will actually increase Third World Debt.

Read more >>

Invoice Gordon Brown

Our new Climate Debt action card is an invoice to Gordon Brown for the UK's climate debt, plus a chance to send a solidarity message to the G77 countries who will be under immense pressure at Copenhagen to give in to rich country demands. Order copies >>

As well as the Climate Debt Crisis report, we've got a Climate Debt briefing which is a shortened version of the report. Order copies >>

Contact details

Jubilee Debt Campaign
The Grayston Centre
28 Charles Square
London
N1 6HT
United Kingdom

Tel: +44 (0)20 7324 4722
Fax: +44 (0)20 7324 4723

Email - for general enquiries and materials requests:
info@jubileedebtcampaign.org.uk

Web - http://www.jubileedebtcampaign.org.uk/

November 2009

The Climate Debt Crisis
Why paying our dues to essential for tackling climate change. Read >>

Climate Debt Crisis

UPCOMING EVENTS

Climate Justice Now! speaker tour
16-22 November
Newcastle, Glasgow, London, Birmingham, Brighton and Manchester

Global Poverty, Seeking Justice: People of Faith in Action
Wed 17 November
Birmingham

The Wave: Come together to stop climate chaos
Sat 5 December
London

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