The Progressive


A project of Common Dreams

For Immediate Release

Nehemiah Jackson
Policy Associate
Jubilee USA Network
(202) 783-3566 ext 102 /

Climate Change Can be Addressed in Coronavirus Relief, Study Says

Development Group Urges Shared Solutions for Debt and Climate Crises


As countries address their debt crises, policy responses can reduce climate change, asserts a new study. "Linking Debt Relief and Sustainable Development: Lessons from Experience," examines previous debt relief processes to learn how debt and climate responses can work in tandem.

"The coronavirus crisis reduced spending on climate issues in poor countries," stated report author Aldo Caliari, the Senior Director of Policy and Campaigns for Jubilee USA Network. "The good news is that global policies can be designed to provide debt relief and nurture a green recovery at the same time."

In November, Zambia defaulted on its debt and several more countries face defaults due to the coronavirus-spurred economic crises. The G20 announced a new debt relief process for 73 of the world's poorest countries.

The Heinrich Boll Foundation, the Center for Sustainable Finance (SOAS, University of London), and the Global Development Policy Center (Boston University) commissioned the paper as a contribution to their Debt Relief for a Green and Inclusive Recovery Project.

Read Aldo Caliari's Linking Debt Relief and Sustainable Development: Lessons from Experience.

Read more on Debt Relief for a Green and Inclusive Recovery Project.

Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.

(202) 783-3566