Q&A: Can debt-for-nature ‘swaps’ help tackle biodiversity loss and climate change?

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Eco-Business 14h ago

Q&A: Can debt-for-nature ‘swaps’ help tackle biodiversity loss and climate change? - Eco-Business

Quick Summary:

So-called 'debt-for-nature swaps' have regained prominence in recent years as part of efforts to raise finance for conservation efforts across biodiverse developing countries.

In this Q&A, Carbon Brief examines how debt-for-nature swaps work, the criticism they have received and whether they can alleviate biodiversity loss and climate change in developing countries.

Martínez, of CEDES Ecuador, tells Carbon Brief that the Galapagos debt-for-nature swap – signed last year to cancel US$1.1 billion of Ecuador’s debt in exchange for investing US$450m to protect Galapagos islands – did not undergo a consultation process with Indigenous peoples and local communities.