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Home > Reports and Documents > The architecture for a debt-for-climate initiative > The architecture for a debt-for-climate initiative

The architecture for a debt-for-climate initiative [1]

The Debt-for-Climate Initiative (DCI) is an effort to provide comprehensive debt relief for eligible countries to generate fiscal space for climate action. The DCI aims at achieving maximum creditor and debtor participation. The DCI consists of three pillars. The first pillar involves debt-stock relief for countries with an unsustainable level of debt and high climate vulnerability and risk of biodiversity loss. The second pillar provides debt flow relief by rescheduling debt maturities with or without coupon reductions for coun-tries facing liquidity problems. The third pillar engages those countries not eligible un-der the first two pillars that have high climate vulnerability and risk of biodiversity loss through debt standstill agreements. All pillars include debt-for-climate swaps as well.
[2]

Publication Date: 
01/12/2020
Annamaria Viterbo [3], Rishikesh Ram Bhandary [4], Kevin P. Gallagher [5]
Heinrich Boll Foundation [6]
Tags:
Climate Change [7], Debt [8], Finance [9], Biodiversity [10], Developing Countries [11]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/reports-documents/architecture-debt-climate-initiative

Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/architecture-debt-climate-initiative
[2] http://www.indiaenvironmentportal.org.in/files/file/debt for climate initiative.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/author/annamaria-viterbo
[4] http://admin.indiaenvironmentportal.org.in/category/author/rishikesh-ram-bhandary
[5] http://admin.indiaenvironmentportal.org.in/category/author/kevin-p-gallagher
[6] http://admin.indiaenvironmentportal.org.in/category/publisher/heinrich-boll-foundation
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/debt
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/biodiversity
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/developing-countries