Europe & Africa Explore Debt-for-Blue Swaps to Tackle Climate Crisis

Europe & Africa Explore Debt-for-Blue Swaps to Tackle Climate Crisis

As negotiations resume ahead of COP30, Europe finds itself at a critical juncture, with Africa’s debt and climate crisis no longer a distant problem but an immediate concern that demands strategic action. The stakes are high for both continents, with the UN estimating a $2.5 trillion shortfall in climate resilience investment for Africa by 2030, largely due to heavy debt burdens. Source

Africa’s debt meets climate innovation

As negotiations resume ahead of COP30, Europe cannot afford to view Africa’s debt and climate crisis as a distant problem. The stakes for both Europe and Africa are high and immediate. The UN currently estimates that Africa will face a US$2.5 trillion shortfall in climate resilience investment by 2030 due to heavy debt burdens. Africa’s debt thus directly hinders climate adaptation, which in turn deeply impacts its neighbour and partner, Europe.…