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December 17, 2024
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Ecuador completes $1.5 billion debt swap for Amazon conservation

Ecuador completes .5 billion debt swap for Amazon conservation

Ecuador has completed its second debt-for-nature swap, this time unlocking $460 million to protect and manage the forests and wetlands of its Amazon rainforest, NGO The Nature Conservancy said on Tuesday.By buying-back over $1.5 billion of its discounted existing bonds with cheaper new money, Ecuador will realise almost half a billion dollars of savings over […]

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December 16, 2024
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Can UN summits save the planet? A faltering year of talks brings up questions about the process

Can UN summits save the planet? A faltering year of talks brings up questions about the process

The world’s nations keep faltering in their efforts to join together to save the planet from several environmental crises. In the past few months United Nations-sponsored negotiations to tackle climate change, plastic pollution, loss of global species and a growing number of deserts have either outright failed or come out with limited outcomes that didn’t […]