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 Nate Berg / ENSIA: North Carolina’s Roanoke Electric Cooperative is helping members bring down energy costs. Because the energy costs in this area is due to a lack of energy efficiency, the cooperative offers tariffed on-billing to help homes...

Ledama Masidza is an emerging young Kenyan leader in marine conservation and community empowerment, fueled by an unwavering love for the ocean. Advocating for sustainability, Ledama drives transformative initiatives that champion community-led conservation and sustainable policies. Ledama Masidza spoke with...

Alison Guzman is the Country Program Co-Director of MAPLE Microdevelopment Chile. As the co-director of a team based in Wallmapu (Mapuche Ancestral lands), they apply decolonizing methodologies, where indigenous local knowledge and local wisdom-based systems are prioritized to enhance an...

Sean is the Chief Executive Officer of the Mountain Hazelnut Venture Private Limited in Bhutan. With innovative financing, Mountain Hazelnuts partners and innovates with smallholder farming households and community groups throughout Bhutan to generate long-term income, revitalize vulnerable communities, and...

From Lawrence Wintermeyer / Forbes: GoodDollar is a basic income product that works via the public blockchain network. Because blockchain is decentralized and public, this platform could be used globally, non-reliant on any one government. GoodDollar uses G$ coins which...

Julia Hotz is a solutions journalist and author of THE CONNECTION CURE: The Prescriptive Power of Movement, Nature, Art, Service and Belonging, the first book chronicling the science, stories, and spread of social prescribing. Julia Hotz spoke with Ashley Hopkinson...

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.