EXECUTIVE SUMMARY1 Emerging market and developing economies (EMDEs) need an immediate and stepwise increase in climate and conservation investments between now and 2030 in order to meet the United Nations 2030 Sustainable Development Goals and the targets set forth by the Paris Agreement, and interrupt a cycle of extreme weather events, financial instability, debt crises and insufficient fiscal sp. [...] To disrupt the vicious spiral of debt and environmental degradation and build towards a virtuous cycle of resilience and growth, creditors must take action to reduce the economically unsustainable debt levels that have accumulated in the last few years after a particularly acute confluence of fac- tors – including the interruption of economic growth and new spending challenges brought by the COVID. [...] An Appen- dix offers greater details on the methodologies used in this report and a deeper examination of the debt and capital market access of countries in the three capital market categories. [...] Figure 7 shows the distribution of climate and conservation needs and opportunities among coun- tries in the Debt Stress and Capital Market Constraint categories. [...] The world must seize this “now or never” moment to mobilize capital for the shared climate and development goals: climate change mitigation and adaptation, biodiversity conservation and sustainable development for EMDEs around the world.
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- Published in
- United States of America
