Ecuador wants to monetize its biodiversity — while still drilling for oil

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Ecuador, known for its " megadiverse " Galapagos Islands, Amazon rainforest, Andes and Pacific coast, wants to protect its natural landscapes for years to come — but it faces a tricky balancing act. As well as preserving its nature, the South American country also plans to capitalize on its critical minerals and continue to extract oil from parts of the Amazon — both of which have led to protests from Indigenous and environmental groups. One way Ecuador is planning to channel funds into its nature is via new financial tools, such as "debt-for-nature" swaps and its first sovereign green bond. It is also aiming to raise its environmental profile on the global stage by hosting the U.N.'s biodiversity summit , known as COP18, in 2028.