UN Biodiversity negotiations in Hyderabad = Do not let the biodiversity in the hands of finance!

Attac France

Wednesday, October 17 heads of state, government ministers and join the 11th Conference of Parties to the UN Convention on Biodiversity in Hyderabad (India) and Delphine Batho, Minister of Ecology, will chair the French delegation. Two years after the adoption of the Nagoya Protocol, the erosion of biodiversity is not ready to be stopped or even slowed, despite the commitments announced at the last Conference, hailed as a success too fast UN multilateralism. Since then, only six countries have ratified the Protocol. And such ratification is still not on the agenda of the European Union.
German Moor- Photo © Rebecca Sommer

German Moor- Photo © Rebecca Sommer

In Hyderabad, the question of financing the protection of biodiversity, it was agreed that “a substantial increase” is back on the table. But neither the amount nor the origin or how to recueilir these funds to protect biodiversity in the poorest countries – which are often among the richest in that area have been fixed. As for the climate, donor countries reduce their financing. Debt strengthens the refusal to take the ecological debt owed by the richest countries, and austerity policies not only cause social dramas and undermine democracy, but a barrier to ecological transition.

According to the preparatory documents for the Conference of Hyderabad, the protection of biodiversity require “innovative financial instruments”. Like the carbon markets for the climate, which have yet demonstrated their failure, it would be to generalize the banks and clearing markets and payments for ecosystem services. Biodiversity and delivered to private finance in defiance of the complexity, uniqueness and incommensurability of ecosystems, to the detriment of the rights of local populations and for the sole benefit of a few companies that can continue to pollute and destroy rob biodiversity.
At the opening session of the opening of the Conference, Indian Minister of Environment, Jayanthi Natarajan, has encouraged “to invest more to improve natural capital.” The European Union is one of the strongest proponents of this agenda. European Commissioner for the Environment has proposed to generalize the “natural capital accounting” and work with the European Investment Bank (EIB) to create financial instruments facilitating private investment in biodiversity. Thus reduced to a “natural capital”, biodiversity would be left to the decisions of financial markets and investors, for whom the biodiversity crisis is an opportunity and a new playground
In this logic then whose inefficiency and environmental dangers are already certified, including drift of carbon finance, we oppose the need for funding global public fueled particularly by global taxes. Preservation of biodiversity can only be effective by the drastic reduction of the ecological footprint of countries and peoples of the richest in the world, through regulatory measures preventing biopiracy amplified by the liberalization of patents on living organisms and the spoliation of TK. Attac France, in connection with European networks, opposes mechanisms financialization of nature: the risk of loss of biodiversity are not interested in free ecosystem services, but the refusal to engage in a real ecological transition.
Attac France, October 16, 2012
For a more detailed analysis of logical contributing to the financialization of nature and the introduction of nature in the capital cycle, see Attac France, Nature has no price, the mistakes of the green economy, ed. LLL, 2012.

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