Change Initiative At COP29 Presenting Climate Debt Risk Index 2024: Equity and Justice Based Climate Finance for LDCs'

In a significant move towards climate justice, Change Initiative (CI) introduced the ‘Climate Debt Risk INDEX 2024’, a Groundbreaking Benchmark on Equity and Justice in Climate Finance for 46 Least Developed Countries (LDCs). The pioneer index offers vital insights into the escalating risks LDCs, home to over 1.1 billion people face from the mounting burden of climate debt.

Climate Debt Risk Index 2024 highlights the escalating debt burden faced by Least Developed Countries (LDCs) due to reliance on loan-based climate financing and urges an overhaul of the climate finance structure, advocating for: Grant based Financing, 100% Debt Relief and Nature based Economy.