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:

Passionate about transforming how organizations operate, Ted Rau specializes in sociocracy and governance systems that empower collective intelligence and foster meaningful collaboration. As the co-founder of Sociocracy For All and the Governance Lead at Dark Matter Labs, his work focuses...

Gary Cohen is co-founder and president of Health Care Without Harm, an organization that works on environmentally sustainable healthcare and was created in 1996 to help transform the health care sector support the health and climate resilience of the communities...

From Marjolein Koster, Ties Gijzel / Reasons to Be Cheerful: A randomly selected group of lucky Germans are reaping the benefits of a guaranteed monthly income. An organization raffles off a year’s worth of guaranteed monthly income, allowing recipients to...

From Nadia Lobti / The New Times: Twice a month the city of Kigali has a “Car Free Day,” a program that reduces air and noise pollution while simultaneously encouraging residents to be more active via walking, biking, and other...

From Jackie Mader / The Hechinger Report: The $10 a Day initiative, which started in British Columbia and is now being expanded throughout Canada, subsidizes child care centers so that tuition for families can be capped at a more affordable...

Laís Fleury has twenty years of experience as a social entrepreneur and has been a Fellow of Ashoka Social Entrepreneurs since 2003. Over the last decade, Laís has been working for Alana, advocating for the right of every child to...

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.