Unsustainable production practices will result in a deterioration of the productive capacity of natural assets reducing potential tax income.
Therefore, in order to address the current crisis, we need an integral approach that considers the climate crisis as a challenge with a high degree of urgency.
For this approach to be feasible, sufficient international climate finance needs to be available, and it should help to steer relief and recovery efforts into a direction in which these are also compatible with climate targets.
For these reasons, the formation of coalitions of debtor countries can be a key factor for debt relief and the implementation of climate policies.