# Wealthy nations reportedly owe Africa trillions in climate debt for overusing the carbon budget. According to a report by Action Aid, despite contributing little to global emissions, Africa faces severe climate impacts and needs funds for urbanisation and adaptation. Yet, most climate finance arrives as high-interest loans, worsening the debt crisis. With South Africa leading the G20, experts believe there is an opportunity to demand fair climate debt repayment, better access to funds, and investment in resilient infrastructure to secure Africa’s sustainable future.
Africa is owed trillions in climate debt by wealthy nations