Afronomicslaw Sovereign Debt Quarterly Brief, No. 1 of 2025: The Limits of Carbon Markets as a Solution to the Climate Crisis
In this quarterly report, I argue that the climate crisis has provided theglobal finance industry an opportunity to make exorbitant profits frommajority Black and Brown countries in the Global South. I show how theglobal finance industry is leveraging its muscle over climate-vulnerable andheavily indebted countries in the Global South through complex financialtransactions.