"BIPOC communities in the Global South have practical knowledge of climate change," says @ShamimZawadi, activist from Tanzania present in Egypt for #COP27, but also of alternative practices & organisation to replace the hegemonic & deadly model imposed by Global North elites.
The 70th anniv. of the German debt cancellation reminds us how debt relief fueled the country's post-war reconstruction. Nowadays, neo-colonial structures like the IMF & gvts unjustly hold on to the colonial debt of Global South countries. @DebtforClimate
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RT @DebtforClimate
1/14 70th anniversary of #Germany's #DebtCancellation after #WWII! This laid the foundation for ’s economic "miracle". Here’s why a debt cancellation for …
https://twitter.com/DebtforClimate/status/1629940065982922752
This prevents Global South countries from designing adaptation & mitigation strategies + repairing long-term #LossAndDamage, when the communities directly experiencing climate chaos & oppression from our economic model must lead the ecological transition. https://www.eurodad.org/a_tale_of_two_emergencies_the_interplay_of_sovereign_debt_and_climate_crises_in_the_global_south
Debt drives oppression of communities & it is instrumentalized in dismantling public services in all countries. It's been used as a political tool to force fossil fuel exploitation projects at low cost for GN capitalists but high human & environmental costs for GS communities.
"Debt is surely the most effective means created for taking relations founded on violence and oppression and making them seem right and moral. " D. Graeber
#DebtCancellation is an essential strategy for climate justice targetting systemic oppression rather than indiv. behavior.
The approval of #LossAndDamage fund at #COP27 still needs concrete creation and application & #DebtCancellation must come with it. These measured need to be protected from the corruption of financial elites for GS communities to benefit from it.
GS communities must be empowered with the tools to achieve a self-determined transition. Ultimately, we must rely on something other than funds and money coming from Global North capitalists to implement a just system transition.