Wall Street Bankers Doing ESG Debt Swaps Get New Deals Pipeline.

The emerging ESG debt market, supported by JPMorgan Chase & Co. and Bank of America Corp., is set to expand with a new agreement in Colombia for debt-for-nature swaps. Nonprofits like The Nature Conservancy and WWF are collaborating to create a shared pipeline of deals that adhere to common standards, potentially unlocking up to $100 billion in climate and nature finance. This initiative aims to refinance countries' debt on better terms, allocating savings to environmental protection, and is a key focus at the United Nations biodiversity summit, COP16. The coalition of nonprofits is working to develop common standards for structuring deals and increase public funds to attract private investors for conservation efforts. [Extracted from the article]