<
https://www.worldwildlife.org/stories/how-debt-for-nature-swaps-have-protected-the-world-s-tropical-forests-for-25-years>
"Tropical forests are among Earth’s most important natural treasures. They
house most of the world’s biodiversity on land, help mitigate climate change,
and provide livelihoods for local communities and Indigenous peoples who’ve
called them home for centuries.
Yet too often, protected areas with tropical forests lack sustained funding for
successful long-term conservation. One way to bridge the gap has repeatedly
proven successful over more than 25 years to balance economic needs with
conservation priorities: debt-for-nature swaps.
Congress formally established a new program for debt-for-nature swaps, which
allow countries to refinance their debts in exchange for redirecting funds
toward conservation, in 1998 with the passage of the Tropical Forest
Conservation Act. Lawmakers renamed it the Tropical Forest and Coral Reef
Conservation Act (TFCCA) in 2019 to include an expansion of countries with
coral reefs and mangroves.
The agreements made through this law in partnership with governments and
leading conservation organizations are on pace to invest over $380 million for
projects to conserve critical tropical forests and coral reef ecosystems in 14
countries and counting.
Here’s a look at how some of those swaps have helped conserve forests over the
past quarter-century and what we can expect for the future of this
transformative program."
Via
Fix the News:
<
https://fixthenews.com/good-news-capital-punishment-mental-health-rwanda-pollution-europe/>
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
