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A Piece in the Puzzle? The Narrow Developmental Potential of Debt for Nature Swaps

Author

Listed:
  • Maia Colodenco

    (Suramericana Visión)

  • Yanne Horas

    (Berlin School of Economics and Law (BSEL))

  • Anahi Wiedenbrug

    (Facultad Latinoamericana de Ciencias Sociales (FLACSO))

Abstract

As developing economies today are faced with a double challenge of debt and climate crises, this article examines debt for nature swaps (D4NS) from a political economy perspective as these have featured prominently as solution on the international agenda. The article analyzes D4NS limitations and shows why they are no silver bullet. It also explores who benefits and how D4NS could be best designed to realize a developmental impact on economic, sustainability and governance related policy goals.

Suggested Citation

  • Maia Colodenco & Yanne Horas & Anahi Wiedenbrug, 2024. "A Piece in the Puzzle? The Narrow Developmental Potential of Debt for Nature Swaps," Development, Palgrave Macmillan;Society for International Deveopment, vol. 67(3), pages 270-279, December.
    • Handle: RePEc:pal:develp:v:67:y:2024:i:3:d:10.1057_s41301-025-00427-9
    DOI: 10.1057/s41301-025-00427-9
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    References listed on IDEAS

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    1. Maximilian Kotz & Anders Levermann & Leonie Wenz, 2024. "The economic commitment of climate change," Nature, Nature, vol. 628(8008), pages 551-557, April.
    2. Andre Standing, 2023. "The Financialization of Marine Conservation: The Case of Debt-for-Ocean Swaps," Development, Palgrave Macmillan;Society for International Deveopment, vol. 66(1), pages 46-57, June.
    3. Quentin Paul & Romain Svartzman & Pierre-François Weber, 2023. "Debt-for-nature swaps: a two-fold solution for environmental and debt sustainability in developing countries? [Échanges dette nature : une double solution pour la soutenabilité environnementale et ," Bulletin de la Banque de France, Banque de France, issue 244.
    4. Maximilian Kotz & Anders Levermann & Leonie Wenz, 2024. "Author Correction: The economic commitment of climate change," Nature, Nature, vol. 631(8020), pages 9-9, July.
    5. Essers, Dennis & Cassimon, Danny & Prowse, Martin, 2021. "Debt-for-climate swaps in the COVID-19 era: killing two birds with one stone?," IOB Analyses & Policy Briefs 43, Universiteit Antwerpen, Institute of Development Policy (IOB).
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