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5 Trillion USD as Year as Payment Towards Climate Debt
25 July - 26 July
CAMPAIGN LAUNCH JULY 25
5 TRILLION AS PAYMENT TOWARDS THE CLIMATE DEBT!
CALL to ACTION & COMMUNICATIONS PACK
The Global North has an incalculable climate debt owed to the Global South, stemming from their huge share of responsibility for the cumulative historical and continuing greenhouse gas emissions and the resulting climate crisis. This climate debt is part of a larger historical, social, economic, and ecological debt owed to the Global South, arising from centuries of colonial and post-colonial exploitation and oppression.
On July 25, movements and civil society organizations will launch a Campaign demanding that Global North governments pay US$5 trillion a year in public funds as a downpayment on their Climate Debt.
These governments claim they do not have enough public funds to deliver on their financial obligations towards the Global South but spend trillions in fossil fuel subsidies and military infrastructure and operations. Instead of addressing tax abuses of huge multinational corporations that are global polluters and profiteers, they advance global tax deals favoring the rich. At a time when public funds are desperately needed for peoples’ needs and rights, Global North governments refuse to respond to the clamor for the cancellation of public debts in the South which they, together with their elites and corporations, bear the biggest responsibility for, and instead promote failed, flawed and futile debt reduction measures and offer more loans. In recent years, the unjust and inequitable global economic and financial architecture that they perpetuate – legacies of colonialism – caused an annual net resource transfer from the South to the North in the trillions.
This year is a pivotal year to raise our claims for payment for Climate Debt. In the lead-up to and during COP 29 in Baku, Azerbaijan, Climate Finance will be a central issue in the international climate space. for Climate Finance. These next months will offer crucial opportunities that will either propel us toward the radical transformation needed in our social, economic, and political systems or doom us to further climate chaos. Delay is no longer an option – we need to unite and increase pressure on all fronts to ensure decisive action.
Join us in Launching this Campaign through intensive and massive digital actions on July 25 and continuing on July 26. Our actions will coincide with the Heads of Delegation retreat happening in Baku from July 26 to 28.
The Campaign Launch will be followed by key moments in the next months when we will be holding globally coordinated mobilizations including a Global Week of Action in September during the period of the UNGA and the Summit of the Future.
JULY 25 and 26
ONLINE ACTIONS: $5 TRILLION FOR CLIMATE DEBT
On July 25, we aim to march the launch of the $5 trillion campaign byposting the #PayUp materials on social media. The goal is to amplify the demand for a $5 trillion annual down payment for the climate debt owed by Global North governments to the people of the Global South. We emphasize that the full cost of what is owed is incalculable and the $5 trillion demand provides a realistic, attainable figure in addressing the urgent, escalating climate needs of the Global South.
When: July 25 and 26
Where: Facebook, Twitter, Instagram, LinkedIn
Main call: $5 trillion for climate debt now!
Hashtags: #PayUp #ClimateFinanceNow #TrillionsNotBillions
DOWNLOAD LEAD $5TR MACRO HERE (in En, Fr, Es)
LANGUAGES TO COME: Portuguese, Hindi, Arabic, Russian, Japanese, Chinese (simplified)
DOWNLOAD ADDITIONAL MESSAGING MACROS HERE (En, Es, Fr)
For the consideration of various CSO constituencies in the climate justice arena and of the wider social movements is the Climate Finance Escalations Campaign 2024 Background Paper. This paper can be used as a briefing paper, as a newsletter and to help guide advocacy work.
CALL to ACTION & COMMUNICATIONS PACK