Market mechanisms are a false solution to biodiversity loss

MEDIA ADVISORY

Friends of the Earth International

Market mechanisms are a false solution to biodiversity loss


NAGOYA, JAPAN, 28 October, 2010 – With only one day of negotiations left
at the Convention on Biological Diversity’s summit in Nagoya, Japan,
Friends of the Earth International urgently calls on governments to
reject false solutions to halt biodiversity loss, such as trading
biodiversity credits and other market-based mechanisms.

“It is urgent that the world ministers meeting in Nagoya take immediate
action to preserve biodiversity. Nearly half of the world’s forests and
around one-third of its species have been lost in the past three
decades. The failure to meet the 2010 goals and targets that have been
agreed under the Convention on Biological Diversity is unacceptable. But
market based mechanisms now being discussed in Nagoya will not address
the root problems of biodiversity loss,” said Isaac Rojas, the
coordinator for Friends of the Earth International’s Forest and
Biodiversity Program.

More than 100 representatives of environmental non profit organizations
and local communities met in Penang, Malaysia from October 14 to 17 for
a conference on Forest, Biodiversity, Community Rights and Indigenous
Peoples, organized by Friends of the Earth. They came up with a
statement for governments and corporations, asking them to stop the
promotion of destructive projects and start taking real action to tackle
biodiversity loss. The most important issues addressed in this statement
are the commodification of biodiversity and the rights of communities
and indigenous peoples.

One of the false solutions on the agenda for discussion in Nagoya is the
Green Development Mechanism (GDM), modeled after the destructive Climate
Development Mechanism, developed within the climate change negotiations.
This market based scheme would create tradable biodiversity credits and
make it possible to offset biodiversity and ecological loss instead of
preventing it.

“We cannot and should not rely on market mechanisms to do the job that
governments should be doing. Commodification and privatization of nature
and biodiversity are false solutions. Biodiversity is not for sale.
Existing financial incentives usually harm biodiversity conservation
rather than supporting it, and often violate the rights of local
communities,” said Isaac Rojas.

For a copy of the statement, please contact Marlijn Dingshoff, media
coordinator Friends of the Earth International at media@foei.org

FOR MORE INFORMATION:

Isaac Rojas, coordinator of the Friends of the Earth International
Forests and Biodiversity Program: isaac@coecoceiba.org or tel: + 506
22686039 and mobile +506 83383204