Debt for Climate Profile picture
Oct 4, 2022 12 tweets 14 min read Read on X
1/12: YOUR GREED, OUR #DEATH: #ClimateDebt is killing us!
📢“We as a country and as a region did not start this war against nature. We did not provoke it. The war has come to us.” #DebtForClimate
🧵👇
2/12: The richest tenth is responsible for almost half of all carbon emissions…
… ‼️Whereas the poorest half are only responsible for a tenth of #emissions.
#DebtForClimate #DeudaXClima
🧵👇
3/12: The average #carbonfootprint of someone from the richest 1% of #humanity is 80 times the size of someone from the poorest half.
#DebtForClimate #DeudaXClima
🧵👇
4/12: If we share the 1.5 ºC carbon budget between everyone and count any excess consumption as a contribution to #climate breakdown, then we find that the #GlobalNorth is historically responsible for 92% of climate breakdown.
doi.org/10.1016/S2542-…
🧵👇
5/12: If we do the same calculation for material #consumption – the main driver of #ecological breakdown – we find that the #GlobalNorth is responsible for three-quarters of #unsustainable consumption.
doi.org/10.1016/S2542-…
🧵👇
6/12: Although climate breakdown is overwhelmingly caused by the Global North, the impacts are hitting the #South far harder.
In fact, by 2000 the damage rich countries’ #emissions caused to low-income countries (LICs) was already greater than LICs’ current foreign #debt.
🧵👇
7/12: The recent floods in #Pakistan caused over $30 billion of damage, plus devastating loss of lives & livelihoods. But Pakistan is meant to pay $12.5 billion in debt this year
Who really owes who?
#PakistanIsOurStory
tribunemag.co.uk/2022/08/pakist…
🧵👇
8/12: Countries in the Horn of #Africa are simultaneously facing #DebtCrises & mass #starvation due to climate breakdown.

Who really owes who here? #DebtForClimate

aljazeera.com/news/2022/9/7/…
🧵👇
9/12: The Global North continues to drain resources from the #GlobalSouth. Whether you look at land, materials, energy, or human time, the North takes far more than it gives back. This is #ECOLOGICALDEBT #DebtForClimate #DeudaXClima
🧵👇
10/12: This ecological debt is worth over $10 trillion a year. That’s 30 times the aid that the North “gives” the South, and enough to end extreme poverty 70 times.
doi.org/10.1016/j.gloe…
#DebtForClimate #DeudaXClima #DettePourLeClimat
🧵👇
11/12: In #LatinAmerica, this drain of materials has grown so much that more materials left the region in the past 3 years than over 3 centuries of #colonial rule. The #ecologicaldebt now owed to Latin America is overwhelming! #DeudaXClima
doi.org/10.1016/j.gloe…

🧵👇
12/12: Rich countries of the Global North must cancel all Global South debt. This is the essential first step towards the North recognizing their immense #climate & #ecological #debt.
Join #DebtForClimate now! debtforclimate.org

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More from @DebtforClimate

Mar 5
FAQ #9
1/8: Why are we calling for debt cancellation? And not for debt relief⁉️

Read and share this!📝
#debtjustice #debtcancellation #DebtforClimate #cancelthedebt #DebtEmergency Image
2/8
The pure concept of ‘debt relief’ or ‘debt forgiveness’ sounds a lot like it’s upon the rich world to show kindness and help those poor, poor countries in debt distress. Image
3/8
In terms of reflecting on the history of power imbalance and exploitation between the North and the South though, it’s not a matter of charity‼️ Image
Read 8 tweets
Jan 11
#ColineFay faces LIFE in prison for attending a peaceful demonstration in Senegal.

The foreign affairs minister @MinColonna is still not replying.

The government is changing, but there is #NoChangeForColine

Please RT

🧵​​​​​​​

1/8

Image
Coline had been working in Senegal as a physiotherapist for the past year. On November 17th, Coline was arrested at a peaceful demonstration calling for the opposition leader, Ousmane Sonko, to be able to stand in the general elections in Senegal.

2/8

Image
#ColineFay was charged with crimes associated with terrorism and espionage, which could mean a life sentence. She was only exercising her right of freedom of speech.

#FreeColine

3/8

Image
Read 9 tweets
Jan 11
🧵 1/7
Why we target the IMF & World Bank?
Institutions like the IMF and the World Bank are built on inequality and colonial systems. They structurally disadvantage countries in the global South whose resources are stolen and become stuck in mountains of debt.

#DebtForClimate #CancelTheDebt #DebtJusticeImage
Power bias of the IMF/WB
Voting shares are based principally on the size and ‘openness’ of economies. Therefore impoverished countries are structurally under-represented in decision-making processes. Sizes of countries adapted to IMF voting shares 2/7 worldmapper.org/maps/politics-…
Image
US veto power
Major decisions of the IMF and World Bank require 85% agreement. The US has over 15% of voting shares and can therefore veto on any major decision. Moreover, the presidents of WB and IMF have always been from the US and EU.
3/7 brettonwoodsproject.org/2019/06/what-a…
Image
Read 7 tweets
Mar 17, 2023
1/5 Do you want to know why is the debt illegitimate?
Read the thread and feel free to reply to us with your thoughts on the illegitimate debt 🧵👇 #DebtForClimate #DeudaXClima
2/5 The creditors we're targeting - @IMFNews and the @WorldBank, development banks, commercial banks, and mega-investors - are truly the debtors of the people and the earth they continue to exploit. 👇#DebtForClimate
3/5 💯This is their climate and neocolonial debt. This is why the debt that they hold, the one that's currently legal, is illegitimate: it perpetuates exploitation and is the exact opposite of the climate and neocolonial debt that remains to be paid. 👇#DebtForClimate
Read 5 tweets
Feb 26, 2023
1/14 70th anniversary of #Germany's #DebtCancellation after #WWII! This laid the foundation for 🇩🇪’s economic "miracle". Here’s why a debt cancellation for the Global South is a necessary precondition to enable a #JustTransition & #ClimateJustice!
#DebtForClimate
🧵👇 Projection by Koala Kollektiv
2/14 History taught us how intelligent debt policy works. February 27, 2023, marks the 70th anniversary of the cancellation of 🇩🇪’s debt. This contributed decisively to the reconstruction of a heavily war-torn country. erlassjahr.de/themen/londone… #DebtForClimate #LondonAgreement1953
3/14 Through the #LondonAgreement1953, signed on February 27, 1953, during the the age of bloc confrontation, the young 🇩🇪 nation was closely tied to the Western defense alliance. #DebtForClimate #CancelTheDebt
👇🧵
Read 14 tweets
Feb 25, 2023
💥Debt Cancellation - Possible for Germany in 1953, not possible for the Global South today?!💥

Mon, 27 Feb, will be the next global action day of #DebtForClimate with actions happening around the world on a historic date for debt cancellation!
#LondonAgreement1953

[1/13] 🧵👇🏿 Logo of Debt For Climate.  Text: CANCEL THE DEBT  FEBRUARY 2
We, #DebtForClimate, have big plans for that day!

We would like to remind you of what we're doing and why, and welcome everyone to join us! 👇

➡️ 11:00 a.m. rally @Ministry of Finance in Berlin
➡️ 19:00 p.m. panel discussion with MAPA-activists @Mehringhof, Gneisenaustraße 2A
🎉 And we have reserved some surprises of course!

Why is 27 Feb so important?

27 Feb 2023 will be the 70th anniversary of Germany's debt cancellation after the 2nd World War, as agreed upon in the #LondonAgreement1953, which partially led to the country's "Economic Miracle".
Read 13 tweets

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