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Indigenous Defenders Stand Between Illegal Roads And Survival Of The Amazon Rainforest – Brazil's Runoff Election Could Be A Turning Point

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Maria Elena Paredes, coordinator of the Community Vigilance Committee for the Ashéninka community of Sawawo Hito 40, points to satellite images showing deforestation. Reynaldo Vela/USAID

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The Ashéninka woman with the painted face radiated a calm, patient confidence as she stood on the sandy banks of the Amonia River and faced the loggers threatening her Amazonian community.

The loggers had bulldozed a trail over the mahogany and cedar saplings she had planted, and blocked the creeks her community relied on for drinking water and fish. Now, the outsiders wanted to widen the trail into a road to access the towering rainforests that unite the Peruvian and Brazilian border along the Juruá River.

María Elena Paredes, as head of the Sawawo Hito 40 monitoring committee, said no, and her community stood by her.

She knew she represented not just her community and the other Peruvian Indigenous communities, but also her Brazilian cousins downstream who also rely on these forests, waters and fish.

A worker aboard a Caterpillar road roller works on a road.
Roads beget more roads. The Interoceanic Highway, shown here, allowed loggers, ranchers and miners to generate hundreds of miles of illegal and informal offshoots that brought additional deforestation and environmental harm.
David Salisbury

The Indigenous residents of the Amazon borderlands understand that the loggers and their tractors and chainsaws are the sharp point of a road allowing coca growers, land traffickers and others access to traditional Indigenous territories and resources. They also realize that their Indigenous communities may be all that stands in defense of the forest and stops invaders and road builders.

The 2022 elections could be a turning point away from deforestation, unsustainable road building and the targeting of Indigenous lands – or the election results could continue to escalate the pressure. After a closer than expected first-round vote on Oct. 2, Brazil’s presidential race is headed for a runoff on Oct. 30.

Explosive growth of illegal roads as government pulled back

During Jair Bolsonaro’s presidency in Brazil and the COVID-19 pandemic, the Amazon rainforest has witnessed explosive growth in informal and illegal roads.

The Amazonian departments of Ucayali, Loreto and Madre de Dios, Peru, saw road expansion increase by 25% from 2019 to 2020 and 16% from 2020 to 2021. In the Brazilian Amazon, roads are being built at such a rapid pace that researchers are turning to artificial intelligence to map the expansion.

Animation of map changes and close up of one area year to year
How road building leads to the rapid deforestation of surrounding lands. The satellite maps show road expansion from 2003 to 2021 into the Serra do Divisor National Park and its buffer zone.
Yunuen Reygadas/ABSAT/University of Richmond, CC BY-ND

Roads are the most damaging infrastructure in the tropical rainforest, bringing deforestation and a host of related cultural and environmental impacts.

Research shows that Indigenous lands are crucial to safeguarding the forest ecosystems and immense carbon stores. These territories, covering about a third of the Amazon region, act as a buffer against road expansion, reducing both deforestation and fires.

But the Indigenous communities near the border between Peru and Brazil are experiencing an onslaught on their homelands.

A satellite view of the Parakanã Indigenous Territory in the Brazilian Amazon visually demonstrates the ability of Indigenous Territories to maintain standing forest (dark green) despite being surrounded by road-related deforestation and forest degradation (brown, tan and light green).
David Salisbury/ABSAT/University of Richmond

When the pandemic forced governments to reduce monitoring and law enforcement in the remote rainforests, the illegal road builders, loggers, miners and traffickers increased their presence and work rate. The state’s absence gave them a relative respite from law enforcement, and in Brazil, they were goaded on by Bolsonaro’s anti-environment, anti-Indigenous and anti-science rhetoric.

A combination of road-building, climate change-induced forest heating and drying, and related deforestation is pushing the Amazon rainforest toward a tipping point that could turn the world’s largest rainforest and reserve of terrestrial biodiversity into a sparsely wooded savanna in just a few decades. Thousands of fires were burning in the Brazilian Amazon in September 2022.

Elections could turn the tide

A few hours downriver from where she confronted the loggers, Paredes and other Peruvian Indigenous leaders met with their Brazilian counterparts in September 2022 to discuss strategies to stop the invasions. The Brazilian leaders included Francisco Piyako and Isaac Piyako, two Indigenous Ashéninka brothers who ran for election at the federal and state levels but lost amid the southern Amazon’s conservative turn toward agribusiness.

While the Brazilian election included more Indigenous candidates than any in Brazilian history, with the 175 candidates representing a 37% increase over 2018, few of those candidates won.

Two Indigenous women with strong anti-Bolsonaro platforms emerged from the election as federal deputies: Sônia Guajajara will represent São Paulo state and Célia Xakriabá the state of Minas Gerais. Marina Silva, a former environment minister and past Green Party presidential candidate, also won election as a federal deputy in São Paulo state. None of them directly represents the Amazon.

These results place the future of the Amazon very much in the hands of Brazil’s national election.

On one side of the presidential election stands Bolsonaro, a populist who has derided Indigenous people, environmentalists and science while weakening environmental and Indigenous agencies and inciting miners, loggers, ranchers and agribusiness leaders to cut down the forest.

On the other side is Luiz Inácio Lula da Silva – commonly called Lula – a former Brazilian president who is arguing for zero deforestation. Da Silva had 48.4% of the first-round vote to Bolsonaro’s 43.2%.

‘There will be no future without the state and powers uniting to respect our history and ancestry.’ -Francisco Piyako

Peru also held elections on Oct. 2, but at the regional and municipal levels. In the Ucayali region, 37% of the candidates were Indigenous. As of Oct. 3, votes were still being counted, but Indigenous candidates have historically had very poor showings. The vote leaders for president of the Peruvian Amazonian state of Ucayali were an ex-governor and coca farmer connected to a corruption investigation and a promoter of agribusiness.

In Maria Elena Paredes’ home district, Yurúa, pro-conservation Indigenous residents did win, providing one of few positive signs for the pro-environment movement in the Amazon.

Without adequate pro-environment and Indigenous representation, the roads and extractive development will march forward, making the Peruvian side of the forest even more vulnerable. A victory for sustainability, conservation and culture in Brazil could resonate across political borders into Peru and the other seven countries that share the Amazon, just as Paredes’ intervention in Peru stopped the tractors from ruining the forests and streams that flow into Brazil.

A chart shows deforestation fell in the early 2000 but sharply rose again starting in 2019
Deforestation has surged since 2019, with the bulk of the impact in Brazil due to President Jair Bolsonaro’s development approach resonating with loggers, ranchers and miners.
RAISG

A dangerous job: Defending the Amazon

As leaders like Paredes and others defend their forests and people, they are also targets for violence.

In the Amazon borderlands, danger threatens from multiple sides, and justice is rarely served. The killing of journalist Dom Phillips and activist Bruno Pereira in June 2022 was just the latest high-profile attack. Global Witness reported that 200 land and environmental defenders were killed in 2021.

Fifteen years ago, the legendary Indigenous leader Edwin Chota protested the road that Paredes and her community are blocking today. He and three colleagues were later gunned down in 2014 after receiving death threats from loggers and traffickers. The killers remain free in the borderlands.

A headshot image of Edwin Chota
Edwin Chota was killed defending Indigenous lands and the forest.
Emory Richey
A group of children and adults walk past a cemetary's vaults
Hijos y familiares de Chota y de sus colegas asesinados visitaron su tumba este verano de 2022.
David Salisbury

This summer, I visited Chota’s grave with over 20 of the surviving family and community members of the four slain defenders. Most of these families are afraid to return to their beautiful forests in the borderland community of Saweto, and instead remain on the outskirts of the city of Pucallpa, squeezed into dilapidated houses with intermittent electricity and clean water.

Far from their village, the children cannot build their cultural and environmental knowledge in the forest.

Five participants from Saweto were among the 120 Indigenous representatives from 13 ethnicities in the Amazon borderlands who joined our NASA workshop to discuss how they can use satellite imagery to monitor changes to the forest and climate. By integrating Indigenous ecological knowledge and geospatial analysis of the Amazon rainforest and climate, scientists and Indigenous groups can both better track the changing Amazon.

The Indigenous mothers, fathers and children told us they want training and education that will help them to protect their territory, adapt to climate change and build a sustainable future. Our NASA SERVIR project is creating mapping platforms based on satellite imagery analysis that the Indigenous communities, nongovernment organizations and government agencies can use to monitor roads, deforestation and climate change.

Indigenous defense is crucial

All of humanity is feeling the effects of climate change. Our Indigenous colleagues recognize the changes in temperature, the water cycle and the seasons already happening in their communities.

Maria Elena Paredes speaks about her work protecting the Amazon.

Environmental land defenders like Paredes are working to keep the world’s largest forest standing tall in the face of threats that don’t just harm the Amazon. If the Amazon rainforest becomes a savanna, there will be reverberations in the climates of South America, the Caribbean, North America and across the globe.

Everyone loses if the Indigenous defenders of the Amazon do not have the support and educational opportunities needed to be safe, prosperous and empowered to protect their rainforest home.

This article was updated Oct. 3, 2022, with election results.

The Conversation

David S. Salisbury has collaborations with the communities of Sawawo, Saweto and Apiwtxa. He is co-investigator of a NASA SERVIR Amazonia Applied Science Team grant led by Dr. Stephanie Spera at the University of Richmond. He is a Board member of the Upper Amazon Conservancy, and has collaborated on research with ACCA, MAAP, and other Amazonian sources linked in the article. His book, Defending the Amazon, will be forthcoming in 2023.

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Politics

When The Supreme Court Loses Americans' Loyalty, Chaos – Even Violence – Can Follow

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Policemen keep a mob back as James Meredith, a Black student trying to enroll at the University of Mississippi, is driven away after being refused admittance to the all-white university in Oxford on Sept. 25, 1962. AP Photo

The Supreme Court’s historically low public standing has prompted a national conversation about the court’s legitimacy. It’s even drawn rare public comment from three sitting Supreme Court justices.
What’s referred to by experts as the problem of “judicial legitimacy” may seem abstract, but the court’s faltering public support is about more than popularity.

Eroding legitimacy means that government officials and ordinary people become increasingly unlikely to accept public policies with which they disagree. And Americans need only look to the relatively recent past to understand the stakes of the court’s growing legitimacy problem.

Cost ‘paid in blood’

The Supreme Court’s 1954 decision in Brown v. Board of Education shined a light on many white Americans’ tenuous loyalty to the authority of the federal judiciary.

In Brown, the court unanimously held that racial segregation in public education violates the equal protection clause of the 14th Amendment. The justices were abundantly aware that their decision would evoke strong emotions. So Chief Justice Earl Warren worked tirelessly to ensure that the court issued a unanimous, short and readable opinion designed to calm the anticipated popular opposition.

Warren’s efforts were in vain. Rather than recognizing the court’s authoritative interpretation of the Constitution, many white Americans participated in an extended, violent campaign of resistance to the desegregation ruling.

A highway with old cars on it and a billboard that says 'IMPEACH EARL WARREN' on the side.
Resistance in the South to the Supreme Court’s school desegregation order was strong and often violent. This billboard urged impeachment of the court’s then-chief justice, Earl Warren.
AP photo

The integration of the University of Mississippi in 1962 provides a pointed example of this resistance.

The Supreme Court had backed a lower federal court that ordered the university to admit James Meredith, a Black Air Force veteran. But Mississippi Gov. Ross Barnett led a wide-ranging effort to stop Meredith from enrolling at Ole Miss, including deploying state and local police to prevent Meredith from entering campus.

On Sunday, Sept. 30, 1962, Meredith nevertheless arrived on the university’s campus, guarded by dozens of federal marshals, to register and begin classes the next day. A crowd of 2,000 to 3,000 people gathered on campus and broke into a riot. Meredith and the marshals were attacked with Molotov cocktails and gunfire. The marshals fired tear gas in return.

In response, President John F. Kennedy invoked the Insurrection Act of 1807 and ordered the U.S. Army onto campus to restore order and protect Meredith. Overnight, thousands of troops arrived, battling rioters.

Armed troops along a sidewalk in the night, with fire in the background.
President John F. Kennedy called in federal troops to quell the violence against James Meredith’s enrollment in the University of Mississippi in 1962.
Lynn Pelham/Getty Images

The violence finally ended after 15 hours, leaving two civilians dead – both killed by rioters – and dozens of wounded marshals and soldiers in addition to hundreds of injuries among the insurgent mob.

The next day, Oct. 1, Meredith enrolled in the university and attended his first class, but thousands of troops remained in Mississippi for months afterward to preserve order.

What some call “the Battle of Oxford” was fueled by white racism and segregation, but it played out against the backdrop of weak judicial legitimacy. Federal courts did not command enough respect among state officials or ordinary white Mississippians to protect the constitutional rights of Black Mississippians. Neither Gov. Barnett nor the thousands of Oxford rioters were willing to follow the court order for Meredith to enroll at the university.

In the end, the Constitution and the federal courts prevailed only because Kennedy backed them with the Army. But the cost of weak judicial legitimacy was paid in blood.

Legitimacy leads to acceptance

In contrast, when people believe in the legitimacy of their governing institutions, they are more likely to accept, respect and abide by the rules the government – including the courts – ask them to live under, even when the stakes are high and the consequences are far-reaching.

For example, two decades ago, the Supreme Court resolved a disputed presidential election in Bush v. Gore, centered on the counting of ballots in Florida. This time, the court was deeply divided along ideological lines, and its long, complicated and fragmented opinion was based on questionable legal reasoning.

Police in helmets with riot gear with smoke in the background.
Clashes between riot police and Donald Trump supporters near the U.S. Capitol on Jan. 6, 2021, in Washington.
Shay Horse/NurPhoto via Getty Images

But in 2000, the court enjoyed more robust legitimacy among the public than it does today. As a consequence, Florida officials ceased recounting disputed ballots. Vice President Al Gore conceded the election to Texas Gov. George W. Bush, specifically accepting the Supreme Court’s pivotal ruling.

No Democratic senator challenged the validity of Florida’s disputed Electoral College votes for Bush. Congress certified the Electoral College’s vote, and Bush was inaugurated.

Democrats were surely disappointed, and some protested. But the court was viewed as sufficiently legitimate to produce enough acceptance by enough people to ensure a peaceful transition of power. There was no violent riot; there was no open resistance.

Indeed, on the very night that Gore conceded, the chants of his supporters gathered outside tacitly accepted the outcome: “Gore in four!” – as if to say, “We’ll get you next time, because we believe there will be a next time.”

Risks ahead

But what happens when institutions fail to retain citizens’ loyalty?

The Jan. 6, 2021, insurrection showcased the consequences of broken legitimacy. The rioters who stormed the Capitol had lost faith in systems that undergird American democracy: counting presidential votes in the states, tallying Electoral College ballots and settling disputes over election law in the courts.

The rioters may well have believed their country was being stolen, even if such beliefs were baseless. So, they rebelled in the face of a result they didn’t like.

This threat is far from gone. In addition to numerous important questions about individual rights and the scope of government power, the Supreme Court may soon be asked to resolve disputes over the administration of elections and the power to certify election winners – particularly the authority to designate a slate of presidential electors.

Nothing is certain in politics, but the specter of constitutional crisis looms over the United States. It’s dangerously unclear whether the Supreme Court retains enough legitimacy to authoritatively resolve such disputes. If it doesn’t, the court’s abstract legitimacy problem could once again end with blood in the streets.

The Conversation

Joseph Daniel Ura has previously received research funding from the National Science Foundation and funding for academic programs from the Charles Koch Foundation.

Matthew E. K. Hall has previously received research funding from the National Science Foundation.

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Republicans And Democrats See News Bias Only In Stories That Clearly Favor The Other Party

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If you detect news media bias, that perception may be a result of your own bias. Anna Moneymaker/Getty Images

Charges of media bias – that “the media” are trying to brainwash Americans by feeding the public only one side of every issue – have become as common as campaign ads in the run-up to the midterm elections.

As a political scientist who has examined media coverage of the Trump presidency and campaigns, I can say that this is what social science research tells us about media bias.

First, media bias is in the eye of the beholder.

Communications scholars have found that if you ask people in any community, using scientific polling methods, whether their local media are biased, you’ll find that about half say yes. But of that half, typically a little more than a quarter say that their local media are biased against Republicans, and a little less than a quarter say the same local media are biased against Democrats.

Research shows that Republicans and Democrats spot bias only in articles that clearly favor the other party. If an article tilts in favor of their own party, they tend to see it as unbiased.

Many people, then, define “bias” as “anything that doesn’t agree with me.” It’s not hard to see why.

‘Liberal bias’ in the media is a constant topic on Fox News.

‘Media’ is a plural word

American party politics has become increasingly polarized in recent decades. Republicans have become more consistently conservative, and Democrats have become more consistently liberal to moderate.

As the lines have been drawn more clearly, many people have developed hostile feelings toward the opposition party.

In a 2016 Pew Research Center poll, 45% of Republicans said the Democratic Party’s policies are “so misguided that they threaten the nation’s well-being,” and 41% of Democrats said the same about Republicans. A poll conducted in midyear 2022 by Pew showed that “72% of Republicans regard Democrats as more immoral, and 63% of Democrats say the same about Republicans.”

Not surprisingly, media outlets have arisen to appeal primarily to people who share a conservative view, or people who share a liberal view.

That doesn’t mean that “the media” are biased. There are hundreds of thousands of media outlets in the U.S. – newspapers, radio, network TV, cable TV, blogs, websites and social media. These news outlets don’t all take the same perspective on any given issue.

If you want a very conservative news site, it is not hard to find one, and the same with a very liberal news site.

First Amendment rules

“The media,” then, present a variety of different perspectives. That’s the way a free press works.

The Constitution’s First Amendment says Congress shall make no law limiting the freedom of the press. It doesn’t say that Congress shall require all media sources to be “unbiased.” Rather, it implies that as long as Congress does not systematically suppress any particular point of view, then the free press can do its job as one of the primary checks on a powerful government.

When the Constitution was written and for most of U.S. history, the major news sources – newspapers, for most of that time – were explicitly biased. Most were sponsored by a political party or a partisan individual.

The notion of objective journalism – that media must report both sides of every issue in every story – barely existed until the late 1800s. It reached full flower only in the few decades when broadcast television, limited to three major networks, was the primary source of political information.

Since that time, the media universe has expanded to include huge numbers of internet news sites, cable channels and social media posts. So if you feel that the media sources you’re reading or watching are biased, you can read a wider variety of media sources.

Front page of the April 15, 1789 edition of the Gazette of the United States
Thomas Jefferson described this partisan newspaper, The Gazette of the United States, as ‘a paper of pure Toryism … disseminating the doctrines of monarchy, aristocracy, and the exclusion of the people.’
Library of Congress, Chronicling America collection

If it bleeds, it leads

There is one form of actual media bias. Almost all media outlets need audiences in order to exist. Some can’t survive financially without an audience; others want the prestige that comes from attracting a big audience.

Thus, the media define as “news” the kinds of stories that will attract an audience: those that feature drama, conflict, engaging pictures and immediacy. That’s what most people find interesting. They don’t want to read a story headlined “Dog bites man.” They want “Man bites dog.”

The problem is that a focus on such stories crowds out what we need to know to protect our democracy, such as: How do the workings of American institutions benefit some groups and disadvantage others? In what ways do our major systems – education, health care, national defense and others – function effectively or less effectively?

These analyses are vital to citizens – if we fail to protect our democracy, our lives will be changed forever – but they aren’t always fun to read. So they get covered much less than celebrity scandals or murder cases – which, while compelling, don’t really affect the ability to sustain a democratic system.

Writer Dave Barry demonstrated this media bias in favor of dramatic stories in a 1998 column.

He wrote, “Let’s consider two headlines. FIRST HEADLINE: ‘Federal Reserve Board Ponders Reversal of Postponement of Deferral of Policy Reconsideration.’ SECOND HEADLINE: ‘Federal Reserve Board Caught in Motel with Underage Sheep.’ Be honest, now. Which of these two stories would you read?”

By focusing on the daily equivalent of the underage sheep, media can direct our attention away from the important systems that affect our lives. That isn’t the media’s fault; we are the audience whose attention media outlets want to attract.

But as long as we think of governance in terms of its entertainment value and media bias in terms of Republicans and Democrats, we’ll continue to be less informed than we need to be. That’s the real media bias.

This story is an updated version of an article that was originally published on Oct. 15, 2020.

The Conversation

Marjorie Hershey does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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How Debt-For-Climate Swaps Can Help Solve Low-Income Countries' Fiscal And Environmental Challenges At The Same Time

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Debt swaps in some countries have involved commitments to protect the ocean. Ashley Cooper/Corbis via Getty Images

Barbados Prime Minister Mia Amor Mottley spoke passionately to the United Nations General Assembly in September about the mounting debt many developing countries are shouldering and its increasing impact on their ability to thrive.

The average debt for low- and middle-income countries, excluding China, reached 42% of their gross national income in 2020, up from 26% in 2011. For countries in Latin America and the Caribbean, the annual payments just to service that debt averaged 30% of their total exports.

At the same time, these countries are facing a “triple crisis of climate change, of pandemic and indeed now the conflict that is leading to the inflationary pressures that lead regrettably to people taking circumstances into their own hands,” Mottley said.

Rising borrowing costs coupled with high inflation and slow economic growth have left developing countries like hers in a difficult position when it comes to climate change. High debt payments mean countries have fewer resources for mitigating and adapting to climate change. Yet climate change is increasing their vulnerability, and that can raise their sovereign risk, increasing the cost of borrowing. Declining productive capacity and tax base can lead to higher debt risks. It’s a vicious cycle.

As one solution, countries and international organizations are talking about “debt-for-climate swaps” to help tackle both problems at the same time. U.N. Deputy Secretary-General Amina Mohammed mentioned debt-for-climate swaps ahead of the 2022 U.N. Climate Change Conference, Nov. 6-18, as one option for refinancing countries’ “crippling” debt.

How debt swaps work

Debt-for-climate swaps allow countries to reduce their debt obligations in exchange for a commitment to finance domestic climate projects with the freed-up financial resources.

They have been used since the late 1980s to preserve the environment and address the liquidity crisis in developing countries, including Bolivia, Costa Rica and Belize. These are commonly known as “debt-for-nature swaps.”

Belize, for example, was able to lower its debt in exchange for committing to designate 30% of its marine areas as protected areas and to spend $US4 million a year for the next two decades on marine conservation under a complex debt-for-nature swap.

The swap, organized in 2021 by The Nature Conservancy, involves the U.S.-based environmental group lending funds at a low-interest rate to Belize to buy back $553 million in commercial debt at a deep discount of 45%. The Nature Conservancy raised funds from the investment bank Credit Swisse via the issuance of “blue bonds” backed by the U.S. government, which gave the bonds a strong investment-grade credit rating.

Similarly, Costa Rica has carried out two debt-for-nature swaps with the United States. Under the swaps, Costa Rica agreed to allocate $53 million for conservation projects. It has already planted more than 60,000 trees and reversed its deforestation.

A child runs along large sandbags that form a sea wall while others pay in the water below.
Low-income Pacific Island nations like Kiribati, Tuvalu and the Marshall Islands are fighting to protect their land from sea-level rise and erosion with sea walls like this one. Debt for climate swaps could free up money for such projects without expanding the country’s debt.
Mario Tama/Getty Images

While debt-for-nature swaps have been used mostly for conservation, the same concept could be expanded to climate change mitigation and adaptation activities, such as building solar farms or sea walls. Some finance experts have suggested that debt-for-climate swaps could be structured in a way that could also encourage private-sector bond holders to exchange the national debt they hold for carbon offsets.

Three keys to successful debt-for-climate swaps

I work with the Climate Policy Lab at the Fletcher School at Tufts University. Our experience with debt swaps offers lessons for the design and implementation of debt-for-climate swaps.

First, the complex governance structures of debt swaps have limited their use. In the past, transactions were generally small, generating only about $1 billion in funding for the environment from 1987 to 2003. A term sheet template for future debt-for-climate swaps could reduce the complexity and lower the time and costs involved.

Second, debt-for-climate swaps would need to relieve enough of the debt burden to allow debtor countries to invest in climate adaptation and mitigation projects. For instance, the U.S. created debt-for-nature swaps with Indonesia in 2009 that were criticized for not doing enough to help the Indonesian government achieve its conservation goals.

Another concern is known as “additionality” – ensuring that the swaps lead to additional climate efforts, as opposed to covering efforts already planned or already paid for with international climate finance.

With widening gaps between the amount of adaptation assistance reaching countries and the amount they need, debt-for-climate swaps can be a meaningful source of funding. Climate Policy Initiative, a nonprofit research group, recently estimated that about 90% of the adaptation needs countries listed in their Nationally Determined Contributions – the climate change plans they submit to the U.N. – can be only met with help from development banks or other countries.

Regions experimenting with debt swaps

A few regions are testing debt-for-climate swaps.

The Economic and Social Commission for Western Africa has developed a Climate/Sustainable Development Goal Debt Swap, in which it functions as a liaison between creditors and seven pilot countries. The initiative focuses on advancing sustainable development and climate goals, such as developing more resilient agriculture.

Similarly, as part of the Caribbean Resilience Fund, the Economic Commission for Latin America and the Caribbean plans to launch a Debt for Climate Adaptation Swap. It aims to reduce the $527 million of debt in three pilot countries by issuing green bonds, similar to Belize’s debt swap. Development banks would play a crucial role by guaranteeing new bonds and reducing the credit risk.

With carefully designed debt-for-climate swaps and support from international institutions, developing countries could expand their finance for desperately needed climate mitigation and adaptation actions and remove some of their heavy debt burden.

The Conversation

Soyoung Oh does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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