As a new debt crisis is hitting the global South, aggravated by the economic impact of the COVID-19 pandemic, governments and economies will face growing difficulties and challenges to deal with climate emergencies, adaptation, and mitigation. As we have seen in the past, debt crises tend to have a negative impact on women’s rights and gender equality, mainly through the implementation of austerity measures. Additionally, the climate emergency also has specific negative impacts on women’s rights and gender justice. The article explores the cumulative impacts on women of debt and austerity dynamics on one side, and climate crisis on the other. Also it proposes responses to the economic, social, and environmental crisis we are living, that address both debt and climate risks in a comprehensive, systemic, and feminist approach.