As evidenced by this photo nature, debt swaps have saved a vast region of the amazon. Does anyone know where there's a polygon of this huge project?🙏 That would be fascinating... 🌎️👀️ Thanks for sharing. Here's more info from The Nature Conservancy https://lnkd.in/es-4XrXF
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Incredible news - $460Mn for Amazon conservation 💰🌿 (Nature's biggest debt swap ever) ... converting national debt into Amazon rainforest protection. 🦜 The Ecosystem: ↳ Ecuador hosts 17 ecosystems and over 25,000 plant species in an area smaller than Nevada ↳ Home to more bird species than North America and Europe combined, with 1,600+ recorded species 💵 Financial Innovation: ↳ Ecuador's $1.5 billion debt-for-nature swap creates $460 million for conservation over 17 years ↳ The deal reduces national debt by $527M while generating $800M in savings through 2035 💫 Here's how it works: 1) Country promises to protect nature in exchange for cheaper debt 2) Banks create new loans with better terms 3) Old expensive debt gets replaced with cheaper debt 4) Money saved goes to protecting forests 5) Local communities help make it happen 🌿 Impact: ↳ Program protects 6.4M hectares of Amazon forests and 18,000 km of vital river systems (incl. reforestation projects like the image below) ↳ Annual funding of $23.5M supports both immediate conservation and a growing endowment 🔄 Implementation: ↳ "This program places the Amazon at the center of a transformative vision" Ecuadors Environment Minister ↳ Indigenous communities manage key biodiversity hotspots across four distinct regions Are you a fan of this initiative? Where else could it be applied? 📥 Like this post? Follow me for daily insights on NatureTech and Nature Finance