The paper proceeds by setting out pertinent aspects of the South African context and the
key role of its electricity sector in contributing to the country’s worsening debt profile.
Over the past few decades, market-based finance has become central to the global financial system. Huge volumes of financial instruments are traded on a daily basis. In an effort to improve access to global financial markets for African countries, the United Nations Economic Commission for Africa (ECA) – in cooperation with the asset management firm PIMCO – has proposed setting up a Liquidity and Sustainability Facility (LSF). This is designed to create a Special Purpose Vehicle to subsidise private sector investment in African sovereign debt. The LSF would be financed by official development assistance (ODA), multilateral development banks and/or by the central banks of members of the Organisation for Economic Co-operation and Development (OECD).
In 2020, a number of international conferences and talks marking the 25th anniversary of the Dayton Accords brought the country back into the international spotlight. On this occasion, the Heinrich Böll Foundation's office in Sarajevo captured numerous voices on how to deal with the dysfunctional system.
The paper gives an overview of the structure and functioning of the EITI, the implementation of the EITI in Germany and assesses the content of the EITI reports so far from a civil society perspective.
China’s emissions pathway during the coming decades is probably the single biggest factor in determining the achievability of the climate targets agreed in Paris. This fact is due to the still growing size of the Chinese economy and its carbon intensity, based on its reliance on coal to fuel the power system. This paper contributes towards fostering a deeper understanding of the challenges and the potential of Chinese-European interaction in the transition to a zero-carbon economy
Fossil fuel development, in particular oil and gas, promised vast riches in the past. Today it is exposing fossil fuel producers and their creditors to a massive stranded asset risk. Technological disruption with the rapid cost-reduction of renewable energy and storage technologies, in conjunction with the inevitability of increased climate action, are at the root of unprecedented uncertainties over the future of the sector.
South Africa’s economy, which was already in a precarious state before Covid-2019, has been tipped into full blown crisis by the pandemic. Gross national government debt is expected to be upwards of 86% within two years. Eskom, which is the country’s state-owned monopolistic and vertically integrated electricity utility, is a key driver of this escalating debt profile and lies at the heart of the economy’s structural challenges.
There is hardly any other food that pollutes our environment and the climate as badly as meat. However, no government in the world currently has a concept of how meat consumption and production can be significantly reduced.
This paper outlines some viable options for creating an architecture for a Debt-for-Climate Initiative (DCI). This is intended to enable countries to recover from the pandemic.
Low-income countries (LICs) are suffering from triple distresses: the mortal impact of Covid-19, increasing debt burdens, and climate change impacts. This paper brings the debt-for-adaptation swap into play as an alternative source to restore countries' ability to act and be resilient to climate change.