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How rescheduling debt for climate and nature goals could unlock a sustainable recovery

March 25, 2021

GEF CEO and Chairperson

UN Under-Secretary-General and Executive Secretary, UNCCD

Palm oil worker harvesting palm oil in Malaysia
Rising debt often causes governments to overexploit natural resources to gain income. Photo: ayarx oren/Shutterstock

“As the world continues to struggle with COVID-19, it is faced with urgent, intertwined crises: climate change, biodiversity loss, land degradation, pollution, and international debt.”

The Global Environment Facility’s CEO, Carlos Manuel Rodriguez, wrote a joint op-ed with Ibrahim Thiaw, Executive Secretary of the United Nations Convention to Combat Desertification (UNCCD). In the op-ed, they emphasize the need to tackle these challenges with coordinated and scalable financial instruments to provide needed debt relief and sustainable growth.