Global South demands trillions in promised aid and climate action from rich nations.
Oxfam has revealed that the G7 countries owe low and middle-income nations $13.3tn in unpaid aid and funding for climate action. The charity is calling on G7 governments to cancel the debt of low and middle-income countries that need it, fulfil their aid commitments and bring in new taxes on rich individuals and corporations. Developing countries say that they need support from rich nations otherwise they can’t cut carbon emissions.