Ecuador Strikes a Landmark Deal to Save Nature, and Some Cash

Wed, 7 Jun 2023 23:37:01 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
https://archive.md/lzWnT

"Ecuador announced a record-setting deal on Tuesday designed to reduce its debt
burden and free up hundreds of millions of dollars to fund marine conservation
around the Galápagos Islands, an archipelago of unique biodiversity that’s
famous for inspiring Darwin’s theory of evolution.

The arrangement, known as a debt-for-nature deal, is a bit like refinancing a
mortgage, only for government bonds.

Gustavo Manrique Miranda, the Ecuadorean foreign minister, called it a historic
agreement that takes into account the value of nature. He said Ecuador was as
wealthy as any of the richest countries in the world, “but our currency is the
biodiversity.”"

Via Future Crunch:
<https://futurecrunch.com/good-news-poverty-indonesia-press-freedom-fiji-shade-america/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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