This week, two separate research teams from the US and China have called for China in particular to implement such debt swaps in exchange for efforts by developing nations to increase nature conservation, as well as climate adaptation and mitigation.
The researchers conclude that by implementing such debt swaps, China could not only help to relieve fast-spreading indebtedness in the developing world, but also provide precious finance to countries that are vulnerable to both climate change and environmental degradation.
Triple-win solution
The firststudyis a policy brief entitled, Debt-for-nature swaps: A triple-win solution for debt sustainability and biodiversity finance in the Belt and Road Initiative (BRI)?
The study is published byI…
Read the full article at: https://www.eco-business.com/news/explainer-how-china-could-offer-debt-swaps-to-help-developing-nations-tackle-climate-change-2/
