Lead climate policy experts at the Institute for Governance & Sustainable Development examine the potential for highly indebted developing countries to exchange debt and debt payment for investing in climate action.
Romina Picolotti, Durwood Zaelke, Korey Silverman and Richard Tad Much review developing country debt as much of the world is awash in unsustainable public and private debt, made significantly worse by the COVID-19 crisis. Efforts to relieve the debt crisis provide opportunities to advance climate protection, health, and economic goals together, specifically through debt-for- climate swaps, building on the success of debt-for-nature swaps.
link to the report: https://center-hre.org/wp-content/uploads/Background-Note-on-Debt-Swaps-11Aug20.pdf