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Side Event #4806

Status: SCHEDULED

Date Saturday
2022.12.10 @ 18:15
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Room Friends of the Chair Room 2
516B
Capacity: 75 people
Conference
Meetings(s)
Title Debt, biodiversity and climate crises: addressing fiscal barriers on the path to transformative change
Hosts
Aichi Biodiversity Targets
 

 

The debt, biodiversity and climate crises are closely intertwined. Impacts of climate change and biodiversity loss can worsen debt burdens, while debt service diverts resources from CBD implementation and climate-related adaptation and mitigation needs. For some countries, pressure to repay debt keeps them locked into biodiversity-degrading sectors in order to earn foreign currency, driving biodiversity loss. The panel will discuss proposals for resource mobilization, debt relief, and debt sustainability frameworks that create the fiscal space for biodiversity action toward meeting CBD objectives. 

 

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