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 Sarah Krueger / WRAL News: Step Up Durham’s Guaranteed Basic Income Program gives 109 people who were formerly incarcerated $600 a month, no questions asked. The purpose of the monthly payments is to help people who may need extra...

Victoria is a curator, writer and strategic consultant, currently R&D Strategic Lead as part of Serpentine’s Arts Technologies team. With a focus on systemic and infrastructural conditions that shape socio-economic, political and institutional realities, Victoria develops innovative approaches to organisational...

From Duncan Agnew / Evanston RoundTable: Through a land trust, Community Partners in Affordable Housing sells homes to buyers at a fixed cost while maintaining ownership of the land they’re built on, allowing those who wouldn’t otherwise be able to...

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...

Antonio Lyons, Director of Georgetown University’s Racial Justice Institute’s EnActors, is a multi-disciplinary artist and Applied Theatre Practitioner blending poetry, music, and movement. A Fulbright Awardee and Oregon Shakespeare Festival Producing Fellow, he created We Are Here, a social activism...

From Oscar Perry Abello / Next City: With funding from city governments, the nonprofit RIP Medical Debt acquires and cancels medical debt by negotiating directly with hospitals. The only requirement is being under 400% of the federal poverty line and...

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.