GFC’s submission to the UNFCCC call for Parties and accredited organizations on modalities and procedures for financing results based-actions and activities related to decision 1/CP.16, paragraphs 68-70 and 72. This paper is the outcome of the Ad Hoc Working Group on Long Term Cooperative Action and was prepared by the CBD Alliance; it will focus on some of the risks of the so-called ‘innovative financial mechanisms” and will analyze some of their social risks, but also elaborate on the economic sustainability and feasibility of some of the mechanisms proposed. Moreover, the paper will discuss alternative strategies to mobilize new and additional financial resources to support biodiversity conservation in developing countries.
HOME Alliance Slams COP30 Captured by Carbon Markets and Illusionary Fixes like Geoengineering
Belém, Brazil - In a betrayal of Indigenous Peoples, climate justice movements and civil society, COP30 has been a profound failure. Instead of bold commitments to phase out fossil fuels and protect Indigenous Peoples, ecosystems and biodiversity, governments doubled...
