What if debt was written off to protect climate and nature?

A dollar sign forms one of the columns of a stately building

From India Bourke / BBC: Debt-for-nature or debt-for-climate swaps are financial tools that allow indebted countries to refinance their debt and use the money saved to restore ecosystems and build environmental resilience. Ecuador, with the help of Credit-Suisse and the US development bank, refinanced it’s debt in 2023 in exchange for putting at least $12 million a year into conservation efforts in the Galapagos.

Read the original story here.

Find more stories on the wellbeing economy.

More Resources:

From Sunil Jain / The Financial Express: SEWA-INBI pilots a basic universal income program for two villages in Madhya Pradesh. These funds enabled residents to pay for facilities and electricity in their homes, buy better cooking fuel, increase the weight...

From Cinnamon Janzer / Yes! Magazine: Occupy Wall Street ignited today’s debt cancellation movement. Groups like the Debt Collective are winning victories, canceling predatory student debt and pushing systemic reforms like tuition-free college. Though incremental, these changes are rewriting policy...

From Prachi Bari / The Hindustan Times: The city of Pune has a program called Lighthouse that provides services to underprivileged youths skill building for career pursuits. Read the original story here. Read more articles about youth-focused wellbeing initiatives.

...

Friendly Vang-Johnson manages Friendly Hmong Farms, a Community Supported Agriculture (CSA) social enterprise business, leveraging her 20+ years of experience in social justice work. Her understanding of the intersection between food sovereignty, land reparations, and racial justice was shaped by...

Luisa Fernanda Bacca Benavides is a Colombian lawyer specializing in human rights. She has over seven years of experience within the United Nations system, where she has developed strategies to prevent internal displacement and protect the territorial rights of indigenous...

Natalia Linou (Linos) is a policy specialist at the United Nations Development Programme (UNDP). Her current role as part of UNDP’s HIV, health and development team is focused on the prevention of non-communicable diseases and on developing an emerging area...

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies. For more details, please see our Privacy Policy.