Debt Conversions Are a Key Piece of the Climate Finance Puzzle

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Delegates at this year’s United Nations Conference of the Parties (COP30) face a critical question: how to pay for the next generation of initiatives to tackle climate change. Governments are exploring available options, including sovereign debt conversions. Often referred to as “debt-for-nature swaps,” this tool, in which higher-cost debt is refinanced at a lower rate,…

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