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Northsiders are more connected to nature than

Analysis reveals how china can help solve debt and environmental crises

 E-Mail Without substantial debt relief, developing countries - many of which are experiencing mounting external debt crises because of economic consequences of COVID-19 - will face pressure to exploit natural capital to pay short-term debt. This may force them to place conservation and climate change ambitions aside. To protect the environment and reduce global debt, China - which has emerged as the world s largest bilateral creditor - could implement debt-for-nature and debt-for-climate swaps, say B. Alexander Simmons and colleagues in this Policy Forum. Using data on debt-stressed countries climate and biodiversity threats, Simmons and colleagues analyzed opportunities for China to alleviate debt burdens in exchange for debtor nation commitments to climate change mitigation and environmental protection. They report that several countries under greatest China debt stress show great promise for both debt-for-nature and debt-for-climate swaps, including Angola, Cambodia, Myanm

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