In this paper, we elaborate on the concept of ecological debt. Starting from the enriching environmental justice perspectives, this grass-roots concept has to offer to sustainability discourse, a broad conceptual discussion is presented resulting in a working definition for ecological debt. In elaborating on this definition, we try both to accommodate these enriching perspectives and to offer a more robust conceptualisation that is applicable in international sustainability discourse. Also, a scientifically sound methodology is presented which allows quantifying different aspects of ecological debt. Finally, both the conceptual analysis as well as the quantification method is applied to the case of climate change.