The new edition of the Nyéléni newsletter is online!
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*Challenging the financing behind green and blue grabbing*
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*The new edition of the Nyéléni newsletter is online! *
*Illustration: *Luisa Rivera, www.luisarivera.cl
Mobilising large quantities of private finance to replace the lack of
public finance is fast becoming a new goal in discussions on climate and
biodiversity financing. But this push means that the commodification and
financialization of nature is reaching alarming levels, causing a new
territorial grab and undermining environmental justice. "Green economy”
mechanisms like carbon credits, biodiversity offset markets, and
debt-for-nature swaps are not only misguided but perilous.
This edition explores some of the varied and bewildering array of new
schemes that financialise oceans, soils, seaweed, and forests. A
fundamental flaw lies in the approach that prioritizes profit over genuine
environmental stewardship and returns for investors, often at the expense
of local communities. These mechanisms frequently lead to the dispossession
of Indigenous Peoples and small-scale producers, who are forced off their
lands and seas to make way for lucrative conservation projects. The
promised benefits of these financial schemes rarely reach those who bear
the brunt of their impacts.
The testimonies here clearly show that the movements of Indigenous Peoples,
fishers and peasants are fighting back across the different UN platforms
and in their own territories. Our movements are demanding public funding
for climate and biodiversity, debt cancellation, reparations, respect for
the rights and knowledge of Indigenous Peoples and other communities, and
genuine accountability and regulation of the corporations that have long
profited from environmental exploitation.
We know the curtain has been pulled back on the fantasy of neoliberal
ideology, its failures exposed. So, we collectively fight its proliferation
into nature and our territories.
*Friends of the Earth International, ETC Group, Transnational Institute*
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