This is an edited recording of a session from the 2021 Development and Climate Days that took place during the UN climate change conference (COP26).
The pressure of growing debt on emerging economies has severely impacted efforts to tackle the climate crises and biodiversity loss. The economic recovery from the pandemic therefore requires bold, innovative, and sustainable responses that address the triple crises of debt, climate change and biodiversity destruction.
This session explored emerging approaches to address the triple crises, why they are needed and what lessons are being learned, alongside the roles of different actors in these approaches.
It also saw the launch of a ‘how-to’ guide on linking sovereign debt to climate and nature outcomes, targeted at debt managers and environmental decision makers.
0:00 Laura Kelly, director, Shaping Sustainable Markets, International Institute for Environment and Development (IIED) – introduction
0:58 Paul Steele, chief economist, IIED; and Jill Dauchy, chief executive officer, Potomac Group, LLC – introducing key elements from the how-to guide
3:54 Fiona Stewart, lead financial sector specialist, World Bank
4:40 Gilson Pena, Ministry of Finance, Cabo Verde
5:25 George Gray Molina, chief economist, United Nations Development Programme (UNDP)
5:52 Jean-Paul Adam, director, climate change, United Nations Economic Commission for Africa (UNECA)
6:44 Niranjan Sarangi, senior economist, United Nations Economic Social Commission for West Asia (UN ESCWA) – closing remarks
Download the guide via pubs.iied.org/20651iied
Watch the full event recording via https://vimeo.com/644283604/cbbbf75345
#debt #finance #nature #COP26