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.
Join Us at SB64: Grassroots Perspectives on Carbon Markets
Join Us at SB64: Grassroots Perspectives on Carbon Markets As governments move forward with implementing Article 6 of the Paris Agreement, carbon markets are increasingly being promoted as a key climate solution. Yet communities living in areas where carbon offset...
