Some of the nations most vulnerable to climate change face a sharp rise in debt service payments in the coming two years, hampering their ability to invest in climate proofing and shoring up their economies, a research report found.

The Vulnerable Group of Twenty (V20) – a group of 55 economies exposed to the fallout from climate change – expect debt service payments to rise to $69 billion by 2024 – the highest level in the current decade, according to calculations from the V20 and the Boston University Global Development Policy Centre.

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