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CGD Policy Blogs

 

An image of the seas off the coast of Belize.

Belize’s Big Blue Debt Deal: At Last, A Scalable Model?

Last Friday, the Government of Belize alongside the U.S. Development Finance Corporation (DFC) and the Nature Conservancy (TNC) announced the financial close of the largest blue bond for Ocean Conservation to date. The program enables Belize to convert its existing Eurobond (i.e. foreign currency bonds issued on the international market) into blue debt that it will use to implement its national marine conservation agenda.

A worker stands next to the heliostats at the Cerro Dominador solar power plant in Chile

For Richer Countries, Climate Mitigation Should Begin at Home

The world’s poorest countries—those classified as low- and lower-middle-income—contribute just one seventh of global emissions despite being home to half of the global population. A just solution to these countries’ dual challenges of climate change and development should be a central concern of the COP, and political realities suggest the best thing richer countries could do in that regard is develop cost-competitive low carbon technologies as a byproduct of speeding their own path to decarbonization.