“The climate change negotiations are increasingly clogging the headlines as the Copenhagen deadline draws close. Is there really any hope for a Kyoto II deal? The developed countries (DdCs) seem to suggest at every conceivable occasion that the developing countries (DCs), in particular China and India, must undertake emission reduction commitments, forgetting that the current climate crisis is largely a result of the cumulative impact of accumulated greenhouse gases (GHGs) emitted by DdCs.”

Read more at IndiaTimes.com.

“The international financial crisis reflects the collapse of laissez-faire economics and the growing discredit of market fundamentalism. What was being hailed yesterday as the only road to ‘growth and prosperity’ is now under fierce attack by the same countries and institutions that promoted it for years. In leading developed countries, states have drawn up massive rescue plans to bail out industries or nationalise banks and financial institutions.”

Read more at JubileeSouth.org. 

"When we talk about debt, there are many important justice issues to be considered. First, there is the justice of acquiring the debt -- how fairly was it negotiated, who participated in the decision-making, who really benefitted from the loans?  Second, there is the justice of repaying the debt -- how fair are the interest rates, where does the money come from for servicing the debt?"

Read more at the Jesuit Centre for Theological Reflection.