We are a grassroots, Global South-driven initiative connecting social & climate justice struggles by uniting labor, social and climate movements from the Global South & North toward a common goal of turning debt-trap diplomacy on its head by canceling the debt of impoverished nations as a way to pay for leaving fossil fuels in the ground and financing a just transition. The implementation of a global Debt-for-Climate initiative has the potential to leave trillions of dollars in fossil fuel reserves in the ground, while freeing countries from a strangling debt burden often used as a tool for further extraction of natural resources.
We are coming together again and stepping up the game by targeting financial colonialism directly from October 14th (IMF & World Bank annual summit) through COP27 (November 8th). Join us around the world to turn debt into climate action!