Opinion
World’s wealthiest nation sends climate bill to poor countries
The new Norwegian guarantee scheme, which aims to provide support for green infrastructure in developing countries, heralds a shift to a new investment-based model of aid and climate finance. This will eat into official development assistance and increase indebtedness, Thea Sofie Rusten Grastveit, Political Advisor at Debt Justice Norway, Kathrine Sund-Henriksen, Secretary General of Norwegian Forum for Development and Environment, and Tess Woolfenden, Senior Policy and Research Officer, Debt Justice UK, write.
