EU looks to ‘nature credits’ to fill green funding gap

The European Union will develop rules for ‘nature credits’ that pay farmers and foresters to take care of ecosystems, in an attempt to make this work more economically beneficial, the European Commission said on Monday.

The EU is hunting for ways to increase funding for protecting the environment, without further straining public budgets stretched thin by other priorities like defense.

The EU, which pays out huge subsidies to farmers under