Debt-for-Development Exchanges: Using External Debt to Mitigate Environmental Damage in Developing Countries

UNSW Law Research Paper No. 2010-14

West Northwest Journal of Environmental Law, Vol. 16, pp. 77-101, Winter 2010

34 Pages Posted: 5 Apr 2010

See all articles by Steven Freeland

Steven Freeland

Western Sydney University, School of Law

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Date Written: April 1, 2010

Abstract

This article analyses the conception, evolution and recent development of debt-for-nature exchange techniques. It explores how the lessons of the early, problematic exchanges have been learned and how the highly successful exchanges conducted recently in Madagascar, Egypt and Kenya have been structured. It assesses the possibility of the Clean Development Mechanism under the Kyoto Protocol being tapped as a source of ongoing funding for projects, and concludes by arguing that, given the various benefits exchanges offer both donors and recipients, these techniques have been underutilised and deserve more careful consideration.

Keywords: Debt-for-Nature, Debt-for-Development Exchanges, Environment

Suggested Citation

Freeland, Steven and Buckley, Ross P., Debt-for-Development Exchanges: Using External Debt to Mitigate Environmental Damage in Developing Countries (April 1, 2010). UNSW Law Research Paper No. 2010-14. Available at SSRN: https://ssrn.com/abstract=1583194

Steven Freeland

Western Sydney University, School of Law ( email )

Locked Bag 1797
Penrith, NSW 2751
Australia

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

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