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World leaders urged to back innovative nature financing at One Forest Summit in Gabon
Embargoed: 00:01 UTC+1, Wednesday, March 1, 2023
LIBREVILLE, March 1, 2023 - Supporting and scaling up innovative nature finance, including biodiversity-positive carbon credits, and nature certificates or credits, could help close the significant gap in funding for the safeguarding and restoration of biodiversity and benefit Indigenous People and local communities, according to a new report launched by the Global Environment Facility and the International Institute for Environment and Development (IIED).
Les dirigeants mondiaux appelés à soutenir les financements innovants en faveur de la nature lors du One Forest Summit au Gabon
Embargo : 00h01 UTC+1, mercredi 1er mars 2023
Innovative Finance for Nature and People
Forests, particularly primary tropical forests, are critical natural capital for meeting the Sustainable Development Goals, the objectives of the Paris Climate Agreement, and the goals and targets of the Kunming-Montreal Global Biodiversity Framework, especially in ways that benefit host countries and Indigenous Peoples and Local Communities (IPLCs). The One Forest Summit in Libreville on 1-2 March 2023, co-hosted by France and Gabon, provides an opportunity to ensure that these ecosystems are safeguarded and restored for their environmental, economic, cultural, and social benefits.
Protecting primary forests is critical to the climate and biodiversity crisis
At CBD COP15, GEF CEO and Chairperson Carlos Manuel Rodríguez facilitated a discussion with countries and institutions involved in the conservation of primary forests and their multiple ecosystem services in the GEF Pavilion. A panel discussed how conserving primary forests appears the easiest solution to the twin crisis of biodiversity and climate, yet requires additional recognition globally. They explored how to seize the political window and further incentivize global, national, and local actions for conservation.