We, the undersigned social organizations, movements and networks working towards climate and socioeconomic justice, gathered for an International Strategy Meeting on Climate and Finance in parallel to the Bangkok United Nations climate talks, call for:

* the recognition of the Global North´s historical responsibility and obligation to guarantee reparations for ecological debt, including climate debt, owed to the Global South;

* the creation of alternative funding mechanisms and flows that recognize the above and respect, protect and promote the sovereignty and rights of peoples and nature;

* an immediate end to any role for International Financial Institutions (IFIs) in climate financing, and other financial mechanisms and institutions that exacerbate and intensify climate change and increase ecological and other debts;

* rejection of market-based instruments because they do not solve the climate crisis, but intead they increase climate debt and allow the North to offset its own greenhouse gas emissions reduction obligations and thereby transfer its responsibilities and the problem to the South.

Reparations Now!

We recognize that each human being has an equal right to ecological and climate space. Climate debt is a part of the larger ecological debt the Global North owes the Global South, accrued through centuries of theft of natural resources and violation of human rights. Reparation of ecological debt includes the complete restoration of territories and ecosystems, reconstruction of basic infrastructure, recovery of social rights and recuperating agriculture, implying the restoration of the well being of the peoples of the Global South, based on curtailing rampant consumption in addition to immediate cuts in emissions in the North. Reparations need to be based on the self-determination of all peoples and the guarantee of non-repetition.

Alternative Funding Mechanisms and Flows

Genuine reparations must come from public sources and be founded on the sovereignty and respect for the rights of peoples and nature. These funds should not reinforce political and economic models that cause climate change. Instead, they must prioritize financial, food, and energy sovereignty, strengthening small-scale agriculture, women, indigenous populations, fisher communities, and the defense of peoples` rights to protect their forests and other resources. They must enable the transition to non-hydrocarbon- based, sustainable societies and be additional to the unconditional annulment of illegitimate debts imposed on countries of the South.

International Financial Institutions Out!

IFIs, such as the World Bank, regional, and national development banks – responsible for the current economic, financial, and climate crises - are using these crises to increase their lending and influence to maintain the status-quo and continue to fuel the climate crisis by supporting extractive industries and other harmful industrial sectors. These institutions are selling market-based false solutions and pushing new loans on countries of the Global South to deal with a catastrophe they did not cause.

No more false solutions!

People and the planet are experiencing a systemic crisis due to the false logic of unlimited ¨growth¨ in an ecologically limited reality. Solutions to this crisis should overcome unsustainable and unjust forms of production and consumption and fundamentally transform economic systems. False solutions include carbon markets, offsetting, nuclear power, monoculture agrofuels and tree plantations, mega-infrastructure projects, and carbon capture and storage. False solutions perpetuate climate and social injustice and financial instability: they are unacceptable.

Within this context of urgency, we will continue to struggle and mobilize for socioeconomic and climate justice for all.

The struggle goes on.

IFIs and private corporations out of climate finance

Restitution of ecological debt and reparations now!!

SIGNATORIES:

Acción Ecológica

Africa Jubilee South

Alliance of Progressive Labor (APL), Philippines

AMA Kilusang Mangingisda, Philippines

Association pour la Taxation des Transactions Financieres et pour l’Aide au citoyans – Togo (ATTAC-TOGO)

Bukluran ng Manggagawang Pilipino, Philippines

Campagna par la Riforma della Banca Mondiale (CRBM), Italy

Comite Centroamericano de Cambio Climático

Coastal Women’s Movement, India

Daughters of Mumbi Global Resource Center, Kenya

Equity BD, Bangladesh

FASE, Brasil

Focus on the Global South

Freedom from Debt Coalition, Philippines

Friends of the Earth International

General Federation of Nepalese Trade Union

Gitib Inc. Pilipinas

Global Forest Coalition

Himalaya Niti Abhiyan, India

IBON Foundation

Indian Social Action Forum (INSAF), India

Institute for Essential Services Reform (IESR), Indonesia

International Federation of Hawker and Urban Poor

Jubilee South Asia Pacific Movement on Debt and Development (JS APMDD)

Jubilee South/Americas

Jubilee South

Just Environment USA

Kerala Independent Fish Workers Federation (KSMTF), India

Klimax Copenhagen, Denmark

Koalisi Anti Utang, Indonesia

Kongreso ng Pagkakaisa ng Maralitang Lungsod, Philippines

Korean Federation of Public Services and Transportation (ICPTU), Korea

Labor Party – Philippines

LDC Watch

LRC-KsK (FOE Philippines)

Monitoring Sustainability of Globalisation (MSN), Malaysia

National Forum or Forest People and Forest Workers, India

National Hawker Federation

National Union of Bank Employees (NUBE), Malaysia

NGO Forum on the ADB

Oilwatch International

Pakistan Fisherfolk Forum, Pakistan

Pan-African Climate Justice Alliance - West Africa

PATTAK Philippines

Rede Brasil sobre Instituições Financeiras Multilaterais, Brazil

River Basin Friends, India’s North East

Rural Reconstruction Nepal (RRN), Nepal

SEAFISH for Justice Network

Sobrevivencia, Paraguay

Solidaritas Perempuan (SP), Indonesia

South Asia Alliance for Poverty Eradication (SAAPE)

Sustainable Energy and Economy Network, USA

Unidad Ecologica Salvadorena (UNES), El Salvador

Voices for Interactive Choice and Empowerment (VOICE), Bangladesh

Wahana Lingkungan Hidup Indonesia/Indonesia n Forum for Environment (WALHI), Indonesia

Additional information: http://www.ips-dc.org/articles/finance_for_socioeconomic_and_climate_justice