The Environmental Defense Fund (“EDF”) announced the issuance of a report titled:
DEBT-FOR-CARBON: USING CARBON CREDITS FOR DEBT RELIEF (“Report”).
The Report was prepared by EDF and Perspectives Climate Research.
Authors include:
- Igor Shishlov.
- Holly Pearen.
- Luisa Weber.
- Axel Michaelowa.
- Pedro Martins Barata.
- Sandra Dalfiume.
- Ziqun Jia.
The Report states that climate vulnerability and sovereign debt distress have converged in what is described as:
… one of the defining macroeconomic challenges of this decade.
The challenge is stated to be affecting developing economies because of:
- Rising climate change impacts constraining fiscal space/raising borrowing costs.
- Limited access to…