In this video, Anton Willems of PROFANANPE explains debt-for-climate swaps. In a debt-for-climate swap, a creditor forgoes part or all of a country’s existing debt. In exchange, specific types of climate action are taken by the country, as agreed upon between the country and its creditor.

He also explains how national climate funds can help countries centralize resources, avoid duplication of efforts and plan strategically on projects to be implemented toward national policies.

This video is part of the Paying for Paris Climate Finance Resource Hub.