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 Meaghan Tobin and Márvio Dos Anjos / Rest of World: Mumbuca is a digital currency used in Maricà’s basic income program. Residents, with few eligibility requirements, can qualify for a monthly stipend to purchase goods and services using a...

Gary Belkin is the Director of the Billion Minds Project. Formerly Deputy Health Commissioner for New York City, he founded the Billion Minds Institute to bring policy and practical attention and change for taking on the “social climate” crisis of...

Gary Cohen is co-founder and president of Health Care Without Harm, an organization that works on environmentally sustainable healthcare and was created in 1996 to help transform the health care sector support the health and climate resilience of the communities...

Michael Sani is the founder of Play Verto, a platform that leverages play and gamification to transform traditional research and foster a sense of belonging among its players. With over 12 years of experience in strategizing and co-creating initiatives for...

Pedro co-founded Sistema B in 2011 after decades of experience in cross-country dialogue and implementing solutions for social and environmental problems across Latin America and Europe. Sistema B is a global organization dedicated to new economies promoting the creation of...

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...

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.