A climate debt is owed. It is owed by the richest countries, whose carbon emissions—through centuries of industrialisation made possible by colonial extraction—have been the principal cause of the climate crisis.
It is possible to satisfy humanity’s universal needs - and keep the world liveable - if we focus on sufficiency and guarantee everyone a fair share of planetary resources, writes Stan Cox for Yes! magazine.
The harms to human dignity caused by over-indebtedness — whether individual or public — are a consequence of unjust policies which violate human rights. Protecting rights must be a core principle of debt justice.