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As countries begin negotiations to restructure sovereign debt to address the COVID-19 pandemic and wider debt crisis, climate protection should be at the center, as way to ensure debt sustainability, to deliver more resilient societies, and to inoculate the economies of the world by diminishing economic risk of a climate crisis.
After a series of consultations with stakeholders and decisionmakers, IGSD has identified the following strategies for developing a framework for debt-for-climate swaps as a way to implement, at scale, climate mitigation strategies consistent with a 1.5°C pathway.
The strategies are: