Climate Adaptation: Loans to raise debt distress
It is an injustice when countries like Bangladesh that are not responsible for the climate crisis have to take loans for adaptation programmes, said Prof Patrick Verkooijen, CEO of Global Center on Adaptation (GCA).
“The countries like Bangladesh, Kenya and Senegal of the Global South do not cause climate crises. They don’t want loans for climate adaptation as it increases their debt distress. This is a profound climate injustice in the system,” he told a selected group of journalists at a Dhaka hotel on Monday during his three-day visit to Bangladesh.