How Belize Cut Its Debt by Fighting Global Warming – the New York Times

Aerial view of the Caribbean Sea and the Split in Caye Caulker, Belize (by Falco Ermert CC BY 2.0 via Flickr).

Belize faced an economic meltdown. The pandemic had sent it into its worst ever recession, putting the government on the brink of bankruptcy.
A solution came from unexpected quarters. A local marine biologist offered Prime Minister Johnny Briceño a novel proposal: Her nonprofit would lend the country money to pay its creditors if his government agreed to spend part of the savings this deal would generate to preserve its marine resources.