Pope Francis Says Global North Owes ‘Ecological Debt’ to Global South

Pope Francis Says Global North Owes ‘Ecological Debt’ to Global South


ROME — Pope Francis told financiers Thursday they must help calculate the “ecological debt” the global north owes to the global south.

We cannot overlook “the ‘ecological debt’ that exists especially between the global north and south,” the pontiff said in a letter to participants in a meeting of the World Bank Group and International Monetary Fund.

“We are, in fact, in debt to nature itself,” the pope asserted, “as well as the people and countries affected by human-induced ecological degradation and biodiversity loss.”

“In this regard, I believe that the financial industry, which is distinguished by its great creativity, will prove capable of developing agile mechanisms for calculating this ecological debt,” Francis continued, “so that developed countries can pay it, not only by significantly limiting their consumption of non-renewable energy or by assisting poorer countries to enact policies and programmes of sustainable development, but also by covering

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