Up-scaling Debt for Climate and Nature
One resounding message from COP27 in Sharm el-Sheikh is that our global community must urgently move from “talking the talk” to “walking the walk” regarding climate finance. Globally, we are facing a triple crise of rising debt, climate change and rapid biodiversity loss. Debt for climate or nature swaps are a response to this in which a portion of a country’s external debt is relieved in exchange for domestic investments for the mitigation, adaptation, or resilience to climate cha