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:

Pedro co-founded Sistema B in 2011 after decades of experience in cross-country dialogue and implementing solutions for social and environmental problems across Latin America and Europe. Sistema B is a global organization dedicated to new economies promoting the creation of...

From Business Tech: 28 South African businesses and one Botswanan business participated in a 4-day week pilot in 2023. The results showed huge benefits for both employees and employers. Read the original story here. Find more wellbeing employee initiatives.

...

From Pien Huang / NPR: In an effort to improve child healthcare, a program at the Harbor-UCLA Medical Center matches low-income families with financial coaches when they come in for their child’s appointments. The coaches help them address financial stressors,...

From Sunil Jain / The Financial Express: SEWA-INBI pilots a basic universal income program for two villages in Madhya Pradesh. These funds enabled residents to pay for facilities and electricity in their homes, buy better cooking fuel, increase the weight...

From Gail Cornwall / The Hechinger Report: In an effort to help lower student debt while benefiting the community, the #CaliforniansForAll College Corps program provides 3,200 students with service jobs and pays them $700 a month. Click here to read...

Ayomide Fatunde is a Global Council member at WEAll. She is a Nigerian-American Regenerative Specialist with cross-cutting interests that span from battery thermal management to esotericism, skipping over to post-growth economics and then looping around to database architecture before taking...

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.