A debt-for-climate swap plan is expected from the International Monetary Fund and the World Bank ahead of COP26. If fit for purpose, it could be highly effective in addressing spiralling low and middle-income country debt and the climate crisis.
The introduction of a carbon tax in South Africa has revived interest in its lethargic offset market. This could be good news for emissions reductions, if the right projects are invested in and delivered at scale.
Cheap renewable energy and difficulties financing coal are forcing change in South Africa, but there are concerns vested interests could push gas over solar and wind.