Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America
Sovereign debt crisis and accelerating climate change have emerged as deeply interconnected global challenges. The fiscal impact of the COVID-19 pandemic and the economic fallout from the Ukraine war have pushed public debt to historic highs, while the frequency and severity of climate disasters con...
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| Format: | article |
| Jezik: | spa |
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2025
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| Online dostop: | https://revistas.uasb.edu.ec/index.php/comentario/article/view/5935 |
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Označite
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Označite | _version_ | 1858490609055039488 |
|---|---|
| author | Alonso, José Fernández |
| author2 | Yamin, Patricio |
| author2_role | author |
| author_facet | Alonso, José Fernández Yamin, Patricio |
| author_role | author |
| collection | Revista Comentario Internacional |
| dc.creator.none.fl_str_mv | Alonso, José Fernández Yamin, Patricio |
| dc.date.none.fl_str_mv | 2025-07-25 |
| dc.format.none.fl_str_mv | application/pdf text/html |
| dc.identifier.none.fl_str_mv | https://revistas.uasb.edu.ec/index.php/comentario/article/view/5935 10.32719/26312549.2023.23.3 |
| dc.language.none.fl_str_mv | spa |
| dc.publisher.none.fl_str_mv | Universidad Andina Simón Bolívar, Sede Ecuador |
| dc.relation.none.fl_str_mv | https://revistas.uasb.edu.ec/index.php/comentario/article/view/5935/5689 https://revistas.uasb.edu.ec/index.php/comentario/article/view/5935/5858 |
| dc.rights.none.fl_str_mv | https://creativecommons.org/licenses/by-nc/4.0 info:eu-repo/semantics/openAccess |
| dc.source.none.fl_str_mv | Comentario Internacional: Journal of the Andean Center of International Studies; No. 23 (2023): The Realist Approach in 21st-Century International Studies; 53-80 Comentario Internacional: Revista del Centro Andino de Estudios Internacionales; Núm. 23 (2023): El enfoque realista en los estudios internacionales del siglo XXI; 53-80 2631-2549 1390-1532 reponame:Revista Comentario Internacional instname:Universidad Andina Simón Bolivar instacron:UASB |
| dc.subject.none.fl_str_mv | debt for climate swaps climate change Latin Americ adaptation mitigation canje de deuda por acción climática cambio climático América Latina, adaptación mitigación |
| dc.title.none.fl_str_mv | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America Instrumentos financieros innovadores para la acción climática: Desafíos y oportunidades de los canjes de deuda por clima en América Latina |
| dc.type.none.fl_str_mv | info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
| description | Sovereign debt crisis and accelerating climate change have emerged as deeply interconnected global challenges. The fiscal impact of the COVID-19 pandemic and the economic fallout from the Ukraine war have pushed public debt to historic highs, while the frequency and severity of climate disasters continue to intensify. These converging crises disproportionately affect developing countries, spurring renewed attention to debt-for-climate action swaps as a potential policy solution. This article presents a comprehensive analysis of such debt swap mechanisms, drawing on an original dataset spanning from their inception in the late 1980s to present-day initiatives. We focus particularly on Latin America, a region that offers valuable insights given its extensive experience with both sovereign debt crises and debt-for-nature swaps, coupled with its high vulnerability to climate change impacts. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | REVCOMINT_a1480b98fc39accc2a6020fcb27bd4d6 |
| identifier_str_mv | 10.32719/26312549.2023.23.3 |
| instacron_str | UASB |
| institution | UASB |
| instname_str | Universidad Andina Simón Bolivar |
| language | spa |
| network_acronym_str | REVCOMINT |
| network_name_str | Revista Comentario Internacional |
| oai_identifier_str | oai:revistas.uasb.edu.ec:article/5935 |
| publishDate | 2025 |
| publisher.none.fl_str_mv | Universidad Andina Simón Bolívar, Sede Ecuador |
| reponame_str | Revista Comentario Internacional |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | Revista Comentario Internacional - Universidad Andina Simón Bolivar |
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| rights_invalid_str_mv | https://creativecommons.org/licenses/by-nc/4.0 |
| spelling | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin AmericaInstrumentos financieros innovadores para la acción climática: Desafíos y oportunidades de los canjes de deuda por clima en América LatinaAlonso, José FernándezYamin, Patriciodebt for climate swapsclimate changeLatin Americadaptationmitigationcanje de deuda por acción climáticacambio climáticoAmérica Latina, adaptaciónmitigaciónSovereign debt crisis and accelerating climate change have emerged as deeply interconnected global challenges. The fiscal impact of the COVID-19 pandemic and the economic fallout from the Ukraine war have pushed public debt to historic highs, while the frequency and severity of climate disasters continue to intensify. These converging crises disproportionately affect developing countries, spurring renewed attention to debt-for-climate action swaps as a potential policy solution. This article presents a comprehensive analysis of such debt swap mechanisms, drawing on an original dataset spanning from their inception in the late 1980s to present-day initiatives. We focus particularly on Latin America, a region that offers valuable insights given its extensive experience with both sovereign debt crises and debt-for-nature swaps, coupled with its high vulnerability to climate change impacts.Las crisis de deuda soberana y el cambio climático han emergido como desafíos globales profundamente interconectados. El impacto fiscal de la pandemia del COVID-19 y las consecuencias económicas de la guerra en Ucrania han elevado la deuda pública a niveles históricos, mientras que la frecuencia y la severidad de los desastres climáticos continúan intensificándose. Estas crisis convergentes afectan de manera desproporcionada a los países en desarrollo, al generar un renovado interés en los canjes de deuda por acción climática como una potencial solución política. Este artículo presenta un análisis exhaustivo de dichos mecanismos de canje de deuda, sustentado en una base de datos original que abarca desde sus inicios en los años 80 hasta las iniciativas actuales. Nos enfocamos particularmente en América Latina, una región que ofrece valiosas perspectivas dado su amplia experiencia tanto en crisis de deuda soberana como en canjes de deuda por naturaleza, junto con su alta vulnerabilidad a los impactos del cambio climático.Universidad Andina Simón Bolívar, Sede Ecuador2025-07-25info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdftext/htmlhttps://revistas.uasb.edu.ec/index.php/comentario/article/view/593510.32719/26312549.2023.23.3Comentario Internacional: Journal of the Andean Center of International Studies; No. 23 (2023): The Realist Approach in 21st-Century International Studies; 53-80Comentario Internacional: Revista del Centro Andino de Estudios Internacionales; Núm. 23 (2023): El enfoque realista en los estudios internacionales del siglo XXI; 53-802631-25491390-1532reponame:Revista Comentario Internacionalinstname:Universidad Andina Simón Bolivarinstacron:UASBspahttps://revistas.uasb.edu.ec/index.php/comentario/article/view/5935/5689https://revistas.uasb.edu.ec/index.php/comentario/article/view/5935/5858Derechos de autor 2025 Cometario Internacional: Revista del Centro Andino de Estudios Internacionaleshttps://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccess2026-02-20T20:43:56Zoai:revistas.uasb.edu.ec:article/5935Portal de revistashttps://revistas.uasb.edu.ec/index.php/comentarioInstitución privadahttp://www.uasb.edu.ec/https://revistas.uasb.edu.ec/index.php/comentario/oaiEcuador2631-25491390-1532opendoar:02026-02-20T20:43:56falsePortal de revistashttps://revistas.uasb.edu.ec/index.php/comentarioInstitución privadahttp://www.uasb.edu.ec/https://revistas.uasb.edu.ec/index.php/comentario/oaiEcuador2631-25491390-1532opendoar:02026-02-20T20:43:56Revista Comentario Internacional - Universidad Andina Simón Bolivarfalse |
| spellingShingle | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America Alonso, José Fernández debt for climate swaps climate change Latin Americ adaptation mitigation canje de deuda por acción climática cambio climático América Latina, adaptación mitigación |
| status_str | publishedVersion |
| title | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America |
| title_full | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America |
| title_fullStr | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America |
| title_full_unstemmed | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America |
| title_short | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America |
| title_sort | Innovative Financial Instruments for Climate Action: Challenges and Opportunities of Debt for Climate Swaps in Latin America |
| topic | debt for climate swaps climate change Latin Americ adaptation mitigation canje de deuda por acción climática cambio climático América Latina, adaptación mitigación |
| url | https://revistas.uasb.edu.ec/index.php/comentario/article/view/5935 |