Osinbajo advocates debt-for-climate swap, African nations' participation in carbon market

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In a call that can at once significantly advance the course of global net-zero emissions targets, facilitate energy access and the development of African

Explaining the DFC concept during a lecture on a just and equitable energy transition for Africa at the Center for Global Development in Washington D.C, Osinbajo stated that “debt for climate swaps is a type of debt swap where bilateral or multilateral debt is forgiven by creditors in exchange for a commitment by the debtor to use the outstanding debt service payments for national climate action programmes.

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