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We can protect nature by erasing debt 💸 Debt for nature swaps occur when financial institutions and more developed countries refinance less developed country’s loans at lower rates and then use the money saved to invest it directly into conservation and climate resiliency projects there. These swaps are helping fill in the gaps with climate finance because less developed countries are going to need at least $2 trillion a year moving forward for climate projects, and more developed countries are paying into funds to do that like they should. #ClimateChange #ClimateCrisis #DebtForNaure #DebtForNatureSwaps #ClimateFinance #ClimateJustice #ClimateSolutions
Duration: 61 sPosted : Thu, 21 Mar 2024 14:14:29Views
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