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:

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...

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...

Kumi Naidoo is a prominent South African human rights and environmental justice activist. Naidoo spoke with Ashley Hopkinson on December 15, 2023. Click here to read the full conversation with insights highlighted. Ashley Hopkinson: Can you introduce yourself and tell...

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...

Paula Daniels co-founded the Center for Good Food Purchasing, a national initiative promoting sustainable food systems, building on her work as founder of the Los Angeles Food Policy Council. With a career spanning private law and public service, she focuses...

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...

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.