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:

Through the work of ethical land transitions, Cassandra works to transform conventional real estate practice in service to Land, cultural reunion, and reparative justice. Becoming a person of place is Cassandra’s orienting cosmology, and her activist real estate career is...

Donna Norton is a founding member of MomsRising and serves as MomsRising’s Executive VP and Chief Advancement & Strategy Officer, helping to develop and drive the strategic direction of MomsRising’s agenda. Norton is an innovator and strategic manager with more...

From Rhitu Chatterjee / NPR: A unique program in Bogotá called Manzanas del Cuidado (Care Blocks) provides free activities and services to unpaid caregivers in local neighborhoods. These services span everything from wellness classes to professional training to educational courses....

Huberth Méndez is a multifaceted Costa Rican professional with a rich background in architecture, education, and research, with extensive experience spanning public institutions, private sector engagements, and non-governmental organizations. Through his work, he has pioneered initiatives aimed at challenging entrenched...

Erica Smiley is the executive director of Jobs With Justice. A long-time organizer and movement leader, Smiley has been spearheading strategic organizing and policy interventions for Jobs With Justice for nearly 15 years. Prior to taking up her current position...

Gopal Patel is the co-founder and director of Bhumi Global, a non-profit mobilizing Hindu communities worldwide for environmental action. Over the last decade, he has advised global interfaith and environmental initiatives, working to include faith voices in local and international...

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.