The Feasibility of the Debt-for-Nature Swap as a Climate Finance Instrument PDF Download
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Author: Luciana S Maulida
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The Intergovernmental Panel on Climate Change mentioned the potential use of debt-for-nature (DFN) swap as one of the financial instruments to mobilise climate finance. Intrigued by this potential, this paper explores the feasibility of DFN swap as a climate finance instrument under the existing climate change regime. This paper aims to answer the main question of 'can DFN swap be classified as a climate finance instrument?'. To answer this question, this paper analyses the interpretation of climate finance provisions under international climate change instruments and finds the existing vagueness of the definition and scope of climate finance. Furthermore, this paper explains the implementation of DFN swap in Indonesia and Seychelles to provide a comprehensive understanding of its operationalisation. To navigate the lack of clear definitive types of financial instruments, the analysis of this paper identified four main elements of climate finance. Finally, in determining whether a DFN swap can be considered a climate finance instrument, the design and use of the DFN swap need to fulfil all of the identified climate finance elements.
Author: Luciana S Maulida
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The Intergovernmental Panel on Climate Change mentioned the potential use of debt-for-nature (DFN) swap as one of the financial instruments to mobilise climate finance. Intrigued by this potential, this paper explores the feasibility of DFN swap as a climate finance instrument under the existing climate change regime. This paper aims to answer the main question of 'can DFN swap be classified as a climate finance instrument?'. To answer this question, this paper analyses the interpretation of climate finance provisions under international climate change instruments and finds the existing vagueness of the definition and scope of climate finance. Furthermore, this paper explains the implementation of DFN swap in Indonesia and Seychelles to provide a comprehensive understanding of its operationalisation. To navigate the lack of clear definitive types of financial instruments, the analysis of this paper identified four main elements of climate finance. Finally, in determining whether a DFN swap can be considered a climate finance instrument, the design and use of the DFN swap need to fulfil all of the identified climate finance elements.
Author: Mr. Marcos d Chamon
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 41
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Book Description
This paper compares debt-for-climate swaps—partial debt relief operations conditional on debtor commitments to undertake climate-related investments—to alternative fiscal support instruments. Because some of the benefits of debt-climate swaps accrue to non-participating creditors, they are generally less efficient forms of support than conditional grants and/or broad debt restructuring (which could be linked to climate adaptation when the latter significantly reduces credit risk). This said, debt-climate swaps could be superior to conditional grants when they can be structured in a way that makes the climate commitment de facto senior to debt service; and they could be superior to comprehensive debt restructuring in narrow settings, when the latter is expected to produce large economic dislocations and the debt-climate swap is expected to materially reduce debt risks (and achieve debt sustainability). Furthermore, debt-climate swaps could be useful to expand fiscal space for climate investment when grants or more comprehensive debt relief are just not on the table. The paper explores policy actions that would benefit both debt-climate swaps and other forms of climate finance, including developing markets for debt instruments linked to climate performance.
Author: Ms. Manal Fouad
Publisher: International Monetary Fund
ISBN: 1513594222
Category : Business & Economics
Languages : en
Pages : 103
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Book Description
This departmental paper provides an in-depth overview of access to climate finance for Pacific Island Countries, evaluating successes and challenges faced by countries and proposes a way forward to unlock access to climate funds.
Author: United Nations Conference on Trade and Development. Development Finance Branch
Publisher: New York : United Nations
ISBN:
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
The purpose of this report is to outline the practical steps, which debtor countries need to take vis-á-vis their Paris Club creditors at the early stage of a debt conversion programme. The report has benefited from discussions with representatives of a selected group of Paris Club creditor countries. It also discusses the extent to which non-governmental organizations (NGOs) from the selected creditor countries have experience of, or are interested in benefiting from, the debt conversion transactions. [UN website]
Author: Robert C. Brears
Publisher: Springer Nature
ISBN: 3030933253
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
This book presents new research on innovative financial instruments and approaches available to implement nature-based solutions (NBS) at various scales and in different contexts. Despite knowledge of the multiple benefits NBS provide, a key barrier to their wide-spread adoption is a lack of knowledge over their financing, in particular, who should pay for an NBS and how it can be financed. The book explores a variety of public, private, and blended finance models and their applicability in developing NBS across terrestrial and marine ecosystems, involving multiple stakeholders, and in jurisdictions of varying climates and income levels. Furthermore, the book provides case studies of the innovative financing of NBS with best practices identified. This book is of interest to environmental planners, resource conservation managers, policymakers, international companies and organizations, environmental NGOs, researchers, and graduate and undergraduate students interested in NBS.
Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292578561
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
A large financing need challenges climate-adjusted infrastructure in developing Asia, estimated at $26 trillion till 2030. This necessitates crowding-in private sources to meet financing, efficiency, and technology gaps. However, a lack of bankable projects is a major hurdle. This publication suggests one possible innovative financing approach. The Green Finance Catalyzing Facility (GFCF) proposes a blended finance framework for governments and development entities to better leverage development funds for risk mitigation, generate a pipeline of bankable green infrastructure projects, and directly catalyze private finance. The GFCF provides useful inputs for the current debate on mainstreaming green finance into country financial systems.
Author: Lucila Serra
Publisher: Inter-American Development Bank
ISBN:
Category : Business & Economics
Languages : en
Pages : 95
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Book Description
Significant investments are needed to support the global transition to a low-carbon, climate resilient future. Current finance flows fall short of global financing needs, and massive scaling up is needed to unlock additional financial resources and foster a sustainable investment pathway. Overcoming barriers to private sector investments is critical, and international climate finance can play a catalytic role in this regard. National development banks (NDBs) have a unique role in this context, both complementing and catalyzing private sector players. This publication discusses the unique role that NDBs could play in scaling up private financing for climate change mitigation projects through the intermediation of international and national public climate finance in their respective local credit markets and the conditions that would be needed for them to be most effective. It draws from experiences in international climate finance and best practices, processes, and products of NDBs within the Latin American and Caribbean region.
Author: Suhas Ketkar
Publisher: World Bank Publications
ISBN: 082137706X
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
Developing countries need additional, cross-border capital channeled into their private sectors to generate employment and growth, reduce poverty, and meet the other Millennium Development Goals. Innovative financing mechanisms are necessary to make this happen. 'Innovative Financing for Development' is the first book on this subject that uses a market-based approach. It compiles pioneering methods of raising development finance including securitization of future flow receivables, diaspora bonds, and GDP-indexed bonds. It also highlights the role of shadow sovereign ratings in facilitating access to international capital markets. It argues that poor countries, especially those in Sub-Saharan Africa, can potentially raise tens of billions of dollars annually through these instruments. The chapters in the book focus on the structures of the various innovative financing mechanisms, their track records and potential for tapping international capital markets, the constraints limiting their use, and policy measures that governments and international institutions can implement to alleviate these constraints.
Author: Signe Krogstrup
Publisher: International Monetary Fund
ISBN: 1513511955
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.
Author: Colin Field
Publisher:
ISBN:
Category : Mangrove conservation
Languages : en
Pages : 262
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Book Description
