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 Cheryl Splain / Knox Pages: The Knox County Department of Job & Family Services has implemented a two-pronged approach to improve the wellbeing of employees. One addresses immediate needs through counseling and additional employee benefits and then a longer...

Mette Beckhof co-leads the local chapter of The Economy for the Common Good in Cologne/Bonn, Germany, which advocates an alternative economic model – one that is beneficial to all stakeholders in an organization. Mette Beckhof spoke with Ashley Hopkinson on...

Mariana is the co-founder of Raízes Sustainable Development. She has a wide experience in management of collaborative projects, sustainable tourism, and dialogue with traditional communities. She enjoys formulating strategies in order to bring collective dreams into reality and has always...

From Oscar Perry Abello / NextCity: In Louisville, community organizers are betting that a guaranteed income program will reduce community violence in disinvested neighborhoods – and protect against displacement of residents. Read the original story here. Find other articles about...

From Katherine Latham / Reasons to Be Cheerful: In the United Kingdom, the supermarket Iceland Foods gives out interest-free microloans on pre-loaded cards during school holidays for families to spread out their grocery bills over time when finances are most...

From Yen Ocampo & Yong Shu Chiang / GovInsider: A national identification system called PhilSys has been rolled out in the Philippines in order to create access to social benefits and digital services. Future services may include but are not...

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.