2 chapters across the catalog
Financial institutions are moving toward the "tokenization" of nature, assigning monetary value to water, trees, and biodiversity. Recent deals include the UAE purchasing large swaths of land in Zambia for carbon credits, treating the "natural capital" of the global south as a tradable financial asset class.
Treasury Secretary Janet Yellen conducted a tour of Africa to advocate for the "evolution" of the World Bank and IMF. Yellen called for these institutions to move beyond traditional lending to sovereign nations and begin financing subnational entities like cities for "climate-smart" projects. She also criticized China's role as a major creditor in countries like Zambia, claiming Beijing's lack of participation in debt restructuring has become a global roadblock.
