Category: Publications
Debt For Nature Swap
Debt-for-nature swap (DNS) is a green finance tool that creates fiscal space for the country to tackle environmental and debt crises simultaneously. The concept of the DNS was introduced in the 1980s by World Wildlife Fund (WWF) amid the Latin American debt crisis1. The DNS aimed at addressing urgent environmental issues for the countries overburdened with public debts. The idea behind the DNS methodology is to integrate sustainability and green finance principles to fund projects that affirm ecologically friendly procedures and have a long-term positive impact on the environment.
The Climate Finance Discourse in Pakistan
Accessing climate finance is a critical issue for Pakistan. Since the Kyoto Protocol, the country has not fully tapped into the potential of international climate finance. Pakistan has mobilized USD 377 million in grants and guarantees from international multilateral climate
funds, such as the GCF, GEF, and AF. Since 1991, a total of 38 projects have been implemented, most of which focus on short- to medium-term solutions to address climate vulnerabilities. On average, this means that Pakistan has secured only USD 11.24 million in grants from international climate funds annually since the establishment of GEF in 1991, AF in 2001, and GCF in 2010