Energizing Third World Economies: The Role of Debt-Equity Swaps
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By the midpoint of the two-week marathon of negotiations at the United Nations climate change conference in Sharm-el Sheikh, Egypt, it has become clear that the most difficult tension to resolve is between developed nations — most of all the United States — and their poorer counterparts over compensation for the effects of climate change.
This is the eleventh hour for negotiators who want a decision on the contentious issue of who pays for the impacts of climate change
That’s the big question at the upcoming UN Climate Change Conference, known as COP27, and it’s controversial.
South Africa and its investment partners launched an $8.5 billion plan to shift from coal toward green energy at the COP27 climate summit, a potentially…