A jubilee would only help those who caused these problems since they've reaped the rewards. I, too, would like all my debts forgiven while I retain the profits.
Typical of discourse today is to let off the societies that industrialized first with no complaint while simultaneously moralizing against those who are industrializing now.
Europe hoards nuclear technology and won't share it with the developing world. Europe burns oil and gas and coal in vast quantities to live. All while Europe says that all past carbon emissions must be considered forgiven debt and all present carbon emissions must be considered sin.
The developing world will do as Europe did to get to Europe's standard of living. The developing world will not listen to the moralizing of Europeans who won't do their part. And Europeans can clutch their pearls about the Amazon, but the people who live there will raze it for industry just as the Europeans did. And it will be right.