As natural capital related losses in agricultural production and trade materialise, Argentina’s debt-paying capacity will likely be compromised. Sovereign investors and the IMF are heavily incentivised to demand a clear and credible pathway to achieving zero deforestation, in turn, bolstering Argentina’s mid-term attractiveness for investment.

Deep inside the EU’s seven-year budget and recovery plan, which was approved on Friday 24 July, is a plastics’ waste levy of €800/tonne that comes into force in January 2021, despite the fact that insufficient recycling infrastructure exists throughout the EU.