(Photo by iStock/piyaset)Around the world, most developing countries face two crises: climate change and debt. Climate change is leading to more extreme weather events everywhere, but it particularly threatens the lives and livelihoods of millions of people in developing countries: rising sea levels generated by global warming are an existential threat to island nations and coastal communities, and developing countries are particularly vulnerable because their economies often revolve around climate-sensitive sectors, such as agriculture and tourism. Moreover, developing countries typically lack key technologies and financial resources that could help them become more resilient to climate change and its impacts.
However, the debt crisi…
Read the full article at: https://ssir.org/articles/entry/debt_for_climate_swaps_can_save_the_planet_why_arent_they