Debt-for-nature swaps were first proposed in an opinion piece in the New York Times back in 1984, penned by Thomas Lovejoy1, of the WWF.
I… try to hold my hand up when I’m wrong. I completely misinterpreted his importance, because while focusing on his early career - at a time, where the biosphere concept was progressively rolled out - his impact came later on.
And this link just paved the road straight to Rothschild.
This is a continuation of yesterday’s article on Debt-for-Nature Swaps -
From the New York Times article -
‘The international debt crisis should remind us of the ecological as well as the the economic links between rich and poor. For among the hidden casualties of that crisis are the fragile natural environments of the developing countries.
As debtor nations cut back on government spending, programs for protecting natural resources are among the first to go‘
So governments short of funds try to shore up first-line support of their citizens as opposed to biodiversity conservation? Nooo, surely you jest.
‘What is at stake here is more than the preservation of exotic species for the amusement of tourists.’
… which appears a tad amusing, given that this was penned by a representative of an organisation capitalising on the image of a cute panda.
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