The ongoing global climate crisis has deepened the inequalities between countries, moving the world farther away from achieving SDG 10 of reduced inequality. The emission of greenhouse gases by high-income, Global North countries results in costly natural disasters around the world; this pushes lower-income, Global South countries into debt distress, with their scarce resources and debt repayments saddled with systemic inequalities that are created or heightened by the climate crisis. The G20 can facilitate collective action in the form of a systematic chain of coordination between multilateral groupings to enhance knowledge- sharing for a holistic understanding of the inequalities that lead to debt distress during times of crisis.
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