{"id":4111,"date":"2024-02-01T14:44:15","date_gmt":"2024-02-01T19:44:15","guid":{"rendered":"https:\/\/sites.sanford.duke.edu\/alexpfaff\/?p=4111"},"modified":"2024-05-24T14:45:35","modified_gmt":"2024-05-24T18:45:35","slug":"tackling-debt-biodiversity-loss-and-climate-change","status":"publish","type":"post","link":"https:\/\/sites.sanford.duke.edu\/alexpfaff\/2024\/02\/01\/tackling-debt-biodiversity-loss-and-climate-change\/","title":{"rendered":"Tackling debt, biodiversity loss, and climate change"},"content":{"rendered":"<div class=\"authors\">Elizabeth C. Losos, Alexander Pfaff, and Stuart L. Pimm<\/div>\n<div class=\"published\">Science volume 343 issue 6696 (2024) 10.1126\/science. ado7418<\/div>\n<p align=\"LEFT\"><a href=\"https:\/\/sites.sanford.duke.edu\/alexpfaff\/wp-content\/uploads\/sites\/15\/2024\/05\/LososPfaffPimm-Science-PolicyForum240509-DebtForNatureSwaps.pdf\"><img decoding=\"async\" class=\"alignnone size-full wp-image-2205\" src=\"https:\/\/sites.sanford.duke.edu\/alexpfaff\/wp-content\/uploads\/sites\/15\/2016\/06\/pdf-icon-50x50-1.png\" alt=\"pdf link icon\" width=\"50\" height=\"50\" \/><\/a><\/p>\n<p align=\"LEFT\">A \u201cTask Force on Sustainability-Linked Sovereign Financing for Nature and Climate\u201d will convene to establish a framework to ameliorate the debt, biodiversity, and climate crises by reforming debt-for-nature swaps, i.e., voluntary transactions in which creditors reduce or cancel debt in exchange for debtor-country commitments to fund specific  environmental activities. We identify four reforms that should underpin the new framework: (i) Offer debt relief at a nationally consequential scale; (ii) defer to debtors on implementation to reduce transaction costs and raise debtors\u2019 benefits; (iii) employ performance-linked instruments based on reliable metrics to ensure global gains; and (iv) integrate all of those metrics across biodiversity conservation, emissions reduction, and climate adaptation to allocate funds most efficiently.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elizabeth C. Losos, Alexander Pfaff, and Stuart L. Pimm Science volume 343 issue 6696 (2024) 10.1126\/science. ado7418 A \u201cTask Force on Sustainability-Linked Sovereign Financing for Nature and Climate\u201d will convene to establish a framework to ameliorate the debt, biodiversity, and climate crises by reforming debt-for-nature swaps, i.e., voluntary transactions in which creditors reduce or cancel debt in exchange for debtor-country commitments to fund specific environmental activities. We identify four reforms that should underpin the new framework: (i) Offer debt relief at a nationally consequential scale; (ii) defer to debtors on implementation to reduce transaction costs and raise debtors\u2019 benefits; (iii) employ performance-linked instruments based on reliable metrics to ensure global gains; and (iv) integrate all of those metrics across biodiversity conservation, emissions reduction, and climate adaptation to allocate funds most efficiently. &nbsp;<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[230,47,33,39,1,50],"tags":[233,234],"class_list":["post-4111","post","type-post","status-publish","format-standard","hentry","category-230","category-theory","category-global","category-land-use-climate-mitigation","category-uncategorized","category-water-quantity-adaptation","tag-debt","tag-swaps","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - 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