Debt-to-climate swaps could be one possible tool for engaging developing countries in the climate agenda, Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), said at a panel discussion at the World Economic Forum 2026 (WEF 2026), Report informs.
According to him, the issue of motivation remains key when discussing the climate agenda in developing countries.
“Looking at the bigger picture, when it comes to developing countries, the first question we’re constantly asked is, ‘Why do we need this?’ These are the countries that say, ‘You already have developed infrastructure, you’re at a different stage of development, and therefore you view the situation differently,’” Najaf noted.
He emphasized that…