1 / 4

Climate Swap Initiative for Financial and Climate Relief

The Climate Swap Initiative aims to alleviate financial debt in vulnerable, highly indebted middle-income countries facing climate impacts. By exchanging debt for climate actions, these countries can access resources for adaptation activities. The initiative focuses on enhancing fiscal space, governance structures, and adaptation capabilities.

chad
Download Presentation

Climate Swap Initiative for Financial and Climate Relief

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Use a Financial liability to fund a climate liability

  2. Objective • The objective is to swap financial debt, in highly indebted middle income countries that are also vulnerable to the consequences of climate impacts, for a program of climate actions and financial relief. • This particular set of countries has difficulties deploying resources to address the mounting concerns imposed by climate impacts, and they are not eligible for assistance under the proposed Pilot Programs for Climate Resilience (PPCRs). • Many of these nations also have relatively modest carbon footprints and thus would not benefit from programs supported under the Clean Technology Funds. Debt swaps would offer the fiscal space to enable the undertaking of priority adaptation activities.

  3. Scope • The swap would be designed to allow: a) reduction in debt service and pressure, expanding fiscal space for additional long-term development programs earmarked to address adaptation concerns; b) strengthening of sustainable governance and enforcement structures to support these programs; c) strengthening capability to address adaptation to climate issues in the same ecosystems; and d) implementation of a priority adaptation program.

  4. Climate Swap

More Related