CEENRG Thursday seminars: 'Debt-for-climate swap: An innovative climate finance mechanism'

Speaker: Erik Grigoryan (Special Envoy of Armenia on Debt-for-Climate negotiations Founder & CEO, Environment Group)

The Cambridge Centre for Environment, Energy, and Natural Resource Governance (C-EENRG) is hosting a seminar series throughout the 2023- 24 academic year.

The challenge of climate change requires significant investments, but many developing countries are hindered by the burden of external debt. At the same time, developed countries are obligated under the Paris Agreement to finance climate actions in developing countries with an annual commitment of 100 billion USD. However, they have been unable to reach the target and have not fulfilled their obligations. A "Debt for Climate Swap" is an innovative approach to climate finance that allows climate-vulnerable countries to obtain financial resources to implement mitigation and adaptation measures. This mechanism proposes reallocating the debt to climate adaptation and mitigation initiatives that align with the debtor's Nationally Determined Contributions (NDC) under the Paris Agreement.

Seminars take place as hybrid meetings (in person seminars in the DAB - David Attenborough Building + online in Zoom) every Thursday (please check precise time as may vary) during the term. Please register online to receive the Zoom link on the day of the seminar. Everyone is welcome!