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You are here: Home / Media / Archive / 2012 / Biodiversity Talks Should Oppose 'Financialization' of Nature

Biodiversity Talks Should Oppose 'Financialization' of Nature

HYDERABAD, INDIA, October 12, 2012 - While ministers start gathering here ahead of a second week of United Nations Biodiversity talks [15-19 October], preparing to discuss where to garner billions of dollars needed to preserve global biodiversity, Friends of the Earth International warns against Nature being ' financialized' (being given a price, bought, sold, and converted in financial mechanisms), which many multinational corporations are lobbying for.

More than 170 countries are represented at the Hyderabad UN 11th
Conference of the Parties  to the Convention on Biological Biodiversity,
which seeks to address all threats to biodiversity and ecosystems,
including climate change.

"Biodiversity and forests are critical for the survival of people and the
planet, and are thus priceless. Our biodiversity needs to be protected,
not speculated on by reckless and unaccountable financial markets,” says
Isaac Rojas, Friends of the Earth International Coordinator of the Forests
and Biodiversity Programme

Friends of the Earth International believes that governments should
establish public funds and other non-market based and non-corporate
mechanisms to fund the conservation of biodiversity, and not rely on
financial markets and financial speculation.

"Financialization of Nature, which many corporations are lobbying for, is
a recipe for disaster. The takeover of biodiversity by the financial
sector must be stopped," Isaac Rojas added.


FOR MORE INFORMATION

Isaac Rojas, Friends of the Earth International Coordinator of the Forests
and Biodiversity Programme – Email: isaac [at] coecoceiba.org or Tel: + 506
8338 32 04 (Costa Rican mobile)


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