Debt-for-Climate Swaps
Conversations on how debt swaps can be used for fossil fuel phaseout, in addition to conservation are central.
London, UK
Conversations on how debt swaps can be used for fossil fuel phaseout, in addition to conservation are central.
Civil society organizations and experts push for the level of ambition needed, particularly from high-emitting economies.
Civil society organizations and external experts begin to work on a template of what comprises an effective, applicable country-level platform.
Credit rating agencies are brought to the table with civil society organizations, experts, and MDBs to discuss options going forward.
Civil society organizations and experts provide analysis from the newly public GEMS database that demonstrates the high repayment rate of World Bank investments.
There is alignment of taxonomy and other analytical support work on private adaptation finance and private institutions are increasingly aware of and speaking the same language on A&R.
The World Bank highlights standardization/securitization as a key way to improve currency risk, and commits to further work in this area.