Debt-for-nature swaps: Financial instruments that reduce a country's external debt in exchange for commitments to protect nature and biodiversity, tackle nature loss and the climate crisis. Learn more in UNDP's #ClimateDictionary, Nature Edition: https://go.undp.org/oxv | United Nations University - EHS
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Debt-for-Nature-Swaps can reduce foreign debt by funding environmental conservation ➡️ boosting economies, nature, & climate action. In some countries #DNS have reduced GDP debt by 10%. Worth a listen with United Nations Development Programme - UNDP's Midori Paxton and Kanni Wignaraja, and Inter-American Development Bank's Greg Watson and more! Visit the Nature for Life Hub and join the discussions 7 - 9 November to learn more : https://www.learningfornature.org/en/nature-for-life-hub-2023/ | UN
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#PlanetPulse: Ecuador has completed a $1.5 million debt-for-nature swap to help save the Amazon rainforest. The South American nation is home to a major part of the Amazon, apart from Brazil, Venezuela, Colombia, Guyana and Peru. The money owed as part of the debt will now instead be invested in Ecuador's Amazon Biocorridor Program — aimed at saving over 6 million hectares of rainforests and wetlands in Ecuador. But how does the debt-for-nature swap work? And will it help save the burning lungs
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