Debt-for-Climate Swaps
Fiscal Space
G7 governments express interest in standardizing and simplifying debt-for-climate swaps.
Apulia, Italy
Apulia, Italy
G7 governments express interest in standardizing and simplifying debt-for-climate swaps.
G7 governments state their support for climate-resilient debt clauses and encourage their DFIs and lending bodies to incorporate them.
There is a collective push for country-led initiatives.
G7 governments include discussion on MDB risk appetite, as key shareholders of the World Bank Group.
Structuring of the Global Shield financial instruments continues, around the Global Shield Solutions Platform (GSSP); the Global Shield Financing Facility (GSFF); and the Climate Vulnerable Forum (CVF) & V20 Joint Multi-Donor Fund.
The EU provides updates on the enactment of its carbon removal certification framework.