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2024-08-23 19:51:45

Jan1st on Nostr: Last year, Ecuador completed the largest debt-for-nature exchange in history… ...

Last year, Ecuador completed the largest debt-for-nature exchange in history… US$1.6 billion, equivalent to 5% of Ecuador’s foreign debt.

While reduction of government debt is a good thing, the new money that Ecuador has pledged to the Galapagos because of the exchange could end up making matters worse for conservation — not better.

Galapagos is a prime example of how damaging a closed border policy can be.

https://stacker.news/items/659436/r/oliverweiss
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