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.