COUNTRIES PROMINENTLY vulnerable to climate change and the loss of natural biodiversity are often the ones least able to afford the investment to strengthen resilience. This is because of their debt burden. Gradually, these factors combine to put the affected countries in jeopardy; they face prolonged fiscal crisis, which forces them to rely on the mercy and the aid of the international community to stay afloat.
International organisations and multilateral development banks exercise multiple types of measures to help highly vulnerable countries survive financial catastrophes caused by climate change impacts. However, in the past decade, debt-for-climate swaps has grown relatively popular among low- and middle-income countries. Multilateral development banks and multilateral organisations such as the United Nations Development Programme (UNDP) have also been advocating this instrument as a debt-relief measure. According to an article by officials with the International Monetary Fund (IMF), debt-for-climate and debt-for nature swaps seek to free up fiscal resources so that governments can improve resilience without triggering a fiscal crisis or sacrificing spending on other development priorities.
Bu hikaye Down To Earth dergisinin April 01, 2023 sayısından alınmıştır.
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Bu hikaye Down To Earth dergisinin April 01, 2023 sayısından alınmıştır.
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THE CIRCULARITY ARGUMENT
A circular economy can help India achieve its developmental aspirations while following the low-carbon pathway. It will also help address the challenges of waste management, pollution and overexploitation of natural resources. Industries are already innovating to reuse high-volume wastes and have shown that the transition can usher in both environmental and financial windfalls
Banking on flawed drug voluntary licences
The Medicines Patent Pool is pushing for more VLs, but its bad deal with Novartis on a cancer drug shows the pitfalls
Lasting solutions
For the first time, the UN has recognised the role of indigenous communities in tackling aridity. A repository of traditional knowledge India has the wherewithal to lead the way
IMD at 150
India's journey into modern weather forecasting took a decisive turn 150 years ago with the establishment of India Meteorological Department during the British rule. The agency has come a long way since then, shaping the way the country predicts and responds to its diverse climate challenges
Every drop counts
In drought-prone Marathwada region, 14 villages have managed to counter water shortage by budgeting the resource
Threat to survival
Hollongapar Gibbon Sanctuary in Assam faces ecological challenges as railway electrification and hydrocarbon exploration endanger its fragile biodiversity
'Migration is going to be a battlefield'
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Face of future
California wildfires confirm forest fires are intensifying in a hotter world, emitting substantial amounts of greenhouse gases and reinforcing global warming
Friends of the forest
Residents of 30 villages in Uttarakhand establish a model for public participation in saving forests from wildfires
Climate-crazy playbook
Just hours after his second (and final) term began on January 20, US President Donald Trump unleashed 46 presidential actions. Several of these are centred on the US' climate commitments, energy transition, migration and trade policies, and are likely to have negative global implications
