Developing countries face climate finance deficit as loan repayments soar

With rich governments and development banks delivering more climate finance as loans, developing countries could be paying back more each year than they receive in new lending by the mid-2030s, new research has found.

CARE Denmark and the CARE Climate Justice Center worked out the repayment schedules of around 17,500 climate loan records reported by developed countries and multilateral lenders between 2011 and 2024,