Business

More Than $100 Billion in Debt-for-Nature Swaps Could Help Fight Climate Crisis, Report Says

More Than $100 Billion in Debt-for-Nature Swaps Could Help Fight Climate Crisis, Report Says

According to a new analysis by the International Institute for Environment and Development (IIED), more than $100 billion of developing countries’ debt could be made available to spend on nature restoration, protecting ecosystems like rainforests and coral reefs and climate change adaptation. The research is part of IIED’s “hidden handbrakes” campaign, designed to reveal and […]

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    Report: U.S. Banks ‘Sabotaging’ Climate Targets by Financing Meat & Dairy Corporations

    Report: U.S. Banks ‘Sabotaging’ Climate Targets by Financing Meat & Dairy Corporations

    A new study has found that 58 banks in the United States are “sabotaging” their own net-zero commitments by providing financing to meat, dairy and animal feed corporations. Research for the report, Bull in the Climate Shop: Industrial livestock financing sabotages major U.S. banks’ climate commitments, was conducted by U.S. environmental nonprofit Friends of the […]