Faced with the urgency to define more ambitious goals for biodiversity, conservation trust funds from more than 50 countries in Latin America, the Caribbean, Africa, Asia and the Mediterranean have signed a commitment to support the Leaders’ Pledge for Nature.
A recent report by The Nature Conservancy and the Paulson Institute highlighted the need to allocate at least $700 billion annually to reverse the decline in biodiversity by 2030. To help close this significant financial gap, conservation trust funds have positioned themselves as key actors.
“Conservation trust funds can be at the forefront of implementing global biodiversity and climate agreements, and have a key role in linking planetary health with the health of society. Today, they are ideal institutions to allocate resources where they are most needed for conservation, in support of new national and global goals to manage biodiversity and support sustainable livelihoods,” said Zdenka Piskulich, president of the Latin American and Caribbean Network of Environmental Funds (RedLAC).
The 2020 Virtual Congress on Sustainable Finance for Conservation, the framework for the signing of this agreement to support the conservation goals, brought together more than a thousand people around the discussion of the role that conservation trust funds play in guaranteeing financial sustainability in order to meet global ecosystem protection challenges.
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