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:

Gary Belkin is the Director of the Billion Minds Project. Formerly Deputy Health Commissioner for New York City, he founded the Billion Minds Institute to bring policy and practical attention and change for taking on the “social climate” crisis of...

Mariana is the co-founder of Raízes Sustainable Development. She has a wide experience in management of collaborative projects, sustainable tourism, and dialogue with traditional communities. She enjoys formulating strategies in order to bring collective dreams into reality and has always...

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...

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...

Vitor Del Ray is the Principal of Instituto GUETTO, an organization he founded to combat structural and institutional racism by empowering Black, Brown, and Indigenous individuals for the workforce and promoting social mobility. Through initiatives like Mapa Preto da Educação...

From Bruce Lim and Ronald Goh / Yahoo News: Businesses in Singapore are experimenting with 4-day work weeks, showing benefits for employees and employers. Read the original story here. Read other articles about employee-focused wellbeing initiatives.

...

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.