2. Reparations and compensation for Climate Debt and crimes
We demand full reparations for southern countries and those impoverished by northern states, TNCs, and tax-haven institutions.
We demand full reparations for southern countries and those impoverished by northern states, TNCs, and tax-haven institutions. By this, we partly address historical injustices associated to inequitable industrialization and climate change, originating in the genocide of indigenous nations, transatlantic slave trade, colonial era, and invasions.
This must be accompanied by an equally clear strategy for compensating impoverished people for the climate and broader ecological debt owed by the enriched. A global and democratic fund should be established to give direct support to the victims of climate change. Developed countries must provide new, mandatory, adequate, and reliable financing as well as patent-free technologies so that developing countries can better adapt to adverse climate impacts and undertake emission reductions.
This would allow developing countries to play their part in curbing climate change, while still meeting the needs and aspirations of their people. International financial institutions, donor agencies, and trade mechanisms should have no part in reparations.