气候政策倡议组织（CPI）：2025年气候转换的债务金融交易所成员的入门报告（英文版）

Climate change and fiscal challenges are closely interlinked, especially in developing countries, sometimes forming a vicious cycle. Climate change can exacerbate fiscal pressure by diminishing economic output and therefore tax revenues, as well as consuming fiscal resources for disaster relief and reconstruction. At the same time, a heavy debt burden can limit fiscal space for climate action, intensifying the impacts of climate change. This cyclical relationship has prompted the implementati