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:

Yara Tarabulsi is a social anthropologist with experience in topics of gender justice, care, economic justice, migration and public policy. She has a Master’s degree from the University of Oxford and a Bachelor’s from the American University of Beirut. She...

Sarah M. Baird is an advocate for sustainable energy solutions as a means to reduce global energy poverty and mitigate climate change. As the founder and Executive Director of Let There Be Light International (LTBLI), she partners with local community...

From Lucy Clarke-Billings / Newsweek: The Committee of Diplomacy of Kongreya Star is a women’s organization in Rojava Syria that aims to liberate women in the region by adding women into all sectors of local life including education, the economy,...

From Kelsey Piper / Vox: Mobile banking in Kenya has increased economic mobility for families living in poverty. The mobile money system is not connected to bank accounts, making it accessible to the overwhelming majority of Kenyans who don’t have...

Allison Duettmann is the president and CEO of Foresight Institute. She directs the Intelligent Cooperation, Molecular Machines, Biotech & Health Extension, Neurotech, and Space Programs, Fellowships, Prizes, and Tech Trees, and shares this work with the public. She founded Existentialhope.com,...

From Nikolay Nikolov / Mashable: School districts in the United States are switching to solar power to save money on utilities and sell extra power back to the power grid. They use the savings to increase teachers’ pay and upgrade...

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.