On debt and climate

Patrick Bolton, Lee Buchheit, Mitu Gulati, Ugo Panizza, Beatrice Weder di Mauro and Jeromin Zettelmeyer

This article discusses the links between climate and debt sustainability by focusing on how climate mitigation and adaptation are paid for, and who pays for it. This requires thinking about instruments such as sovereign bonds, carbon credits, conditional official grants and debt relief from both public and private sources. The article discusses the role of green bonds, carbon offsets, grants and debt relief. Among these solutions, no single instrument appears to be right for all countries or at all times. To move forward, we make six proposals and policy recommendations that can jointly address climate change and debt sustainability.

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Year of publication:	2023
Authors:	Bolton, Patrick ; Buchheit, Lee C. ; Gulati, Mitu ; Panizza, Ugo ; Weder, Beatrice ; Zettelmeyer, Jeromin
Published in:	Oxford open economics. - Oxford : Oxford University Press, ISSN 2752-5074, ZDB-ID 3123700-9. - Vol. 2.2023, Art.-No. odad005, p. 1-6
Subject:	climate change \| debt sustainability \| debt relief \| carbon offsets \| green bonds \| Klimawandel \| Climate change \| Treibhausgas-Emissionen \| Greenhouse gas emissions \| Schuldenmanagement \| Debt management \| Schuldenerlass \| Debt relief \| Öffentliche Schulden \| Public debt \| Anleihe \| Bond \| Internationale Staatsschulden \| International sovereign debt \| Welt \| World \| Nachhaltigkeit \| Sustainability \| Nachhaltige Kapitalanlage \| Sustainable investment \| Öffentliche Anleihe \| Public bond

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.1093/ooec/odad005 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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