Here are the climate-related sections of speeches by MPs during the Commons debate Africa: Sovereign Debt and Resilience to Climate Change.
Jeff Smith (Labour)
9. What recent assessment he has made of the potential impact of levels of sovereign debt in African countries on their resilience to climate change.
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Jeff Smith (Labour)
Every dollar spent by low-income countries on servicing unsustainable debt is a dollar not spent on providing basic services and tackling climate change. I know that the Minister wants to make a difference on this, but the status quo clearly is not working. Given that 90% of developing country debt contracts are governed by English law, why will the Government not agree even to consult on legislative opportunities to compel private creditors to take part in debt restructuring, to make them part of the solution, not the problem?
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