Asian People's Movement on Debt and Development writes about how to move from "development aid" to actual justice, how to decolonize climate policy and restore economic sovereignty in the Global South.
Climate finance is at the heart of the struggle for climate justice. The current climate finance system is profoundly inadequate, unjust, and out of step with the scale of the climate crisis and the responsibility of those responsible. Therefore, considering climate finance as a core component of climate reparations is not a rhetorical choice, but a political necessity. Combating climate change requires far more than incremental increases in funding. It demands a transformation of global economic and financial systems that have enabled exploitation, inequality, and ecological destruction. Public, grant-based, and reliable climate finance—delivered through democratic, feminist, and decolonial mechanisms—is an indispensable foundation for this transformation.
