In the midst of his participation in the Davos World Economic Forum (Switzerland)insisted on the proposal of the Government of exchanging countries’ sovereign debt for climate action for climate change mitigation and adaptation works.
(See: Debt swap for nature, the Minambiente proposal in Davos).
Firstthe Minister of EnvironmentSusana Muhamad, specified that this is a proposal that proposes to advance in “an alternative to have resources that allow financing adaptation, mitigation, as well as attention to losses and damages caused by the effects of the climate crisis”, he said during his participation in the forum ‘Establishing an equitable transition’, first thing in the day yesterday.
(See: Brazil and Costa Rica advocate for greater union in the region).
The head of the portfolio environmental added that “The ecological and energy transition is required with a multilateral commitment that changes the financial systems that, on the contrary, end up suffocating more, economically, the countries that are suffering climate devastation.”
For his part, the President Gustavo Petroduring his final speech at the business meeting, also emphasized the fact that, with his proposal for decarbonized capitalism, this must be a new mandate in order to help the restructuring of countries.
(See: President of Ukraine calls for more speed in supporting his country).
“This has to be the new mandate in such a way that nations can finance the costs of adaptation and, above all, those of mitigation through the reduction of their debt,” Peter pointed out.
(See: Health reform in Colombia: the role that the WHO would play).
The head of state also requested that the capitalism decarbonized has to devalue the debt that weighs globally on productive processes and on nations.
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