SHARM EL-SHEIKH, Egypt (AP) — At the United Nations climate summit in Egypt, leaders of developing countries repeatedly said it was unfair to expect them to cover the costs of rebuilding after devastating weather events in a warming world, in addition to investing in cleaner solutions. industry when they also pay much higher interest rates on loans than rich countries.
A plan proposed by Barbados Prime Minister Mia Mottley would overhaul how much of development lending works. It also gives a voice to developing countries grappling with mounting debt from climate damage.
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