Thursday, March 6, 2025
30 C
Brunei Town
More

    Biodiversity bank

    Every year on March 3, the world unites to mark World Wildlife Day, celebrating the intricate beauty and value of wildlife. The day, commemorating the signing of the Convention on International Trade in Endangered Species (CITES) in 1973, reminds us of our deep connection with the natural world. It’s a celebration of life in its most diverse and awe-inspiring forms – from the towering forests that sustain entire ecosystems, to the delicate coral reefs teeming with marine life.

    This year, the theme of World Wildlife Day, ‘Wildlife Conservation Finance: Investing in People and Planet’, takes on particular urgency. As we face a growing biodiversity crisis, with over a million species on the brink of extinction, the need for innovative financial solutions to protect wildlife has never been more critical. Our ecosystems are essential to human survival, providing clean air, water, food, and medicine. Yet, they are under threat, driven by the unsustainable exploitation of resources and climate change.

    United Nations Secretary-General António Guterres highlighted the gravity of this situation, calling humanity’s relationship with nature “at a tipping point”. The overuse of fossil fuels and the depletion of natural resources are pushing ecosystems to the brink of collapse.

    Meanwhile, investments in biodiversity protection are dwindling.

    This is not just a crisis for nature, but for the millions of communities that depend on healthy ecosystems for their livelihoods. Guterres’ message is clear: the time for a smarter path is now.

    PHOTO: ENVATO
    PHOTO: ENVATO

    For World Wildlife Day 2025, there’s a strong focus on conservation finance, the idea that economic investments are essential for preserving wildlife. As it stands, the financial gap for global wildlife conservation is staggering – hundreds of billions of pounds are required annually to protect species and the ecosystems they inhabit. Current efforts fall short, with only USD143 billion being invested in biodiversity annually, compared to the USD824 billion needed.

    Closing this gap is crucial, not just for the survival of species, but for the overall stability of the global economy. Biodiversity is the foundation of over half the world’s gross domestic product, contributing to industries such as agriculture, fisheries, and tourism. Without proper investment, the risks are high: loss of income, unemployment, and disrupted economies, especially in nations heavily reliant on natural resources.

    Innovative solutions are starting to emerge, but more must be done. One such example is the concept of Debt-for-Nature swaps, where national debts are forgiven in exchange for commitments to conserve natural resources. Wildlife Conservation Bonds and Payments for Ecosystem Services (PES) are other mechanisms that are helping to channel much-needed funding into wildlife conservation. These approaches align with sustainable development goals and offer a model for a future in which humans live in harmony with nature.

    CITES Secretary-General Ivonne Higuero stressed the importance of these financial solutions, noting that conserving biodiversity requires not just money, but commitment. It’s about investing in communities, species, and ecosystems in a way that ensures sustainable development while fostering a deep respect for nature. She urged everyone to consider the role they can play in this financial revolution for conservation. From wildlife credits to conservation bonds, the financial tools are there, but they need the support of global citizens and governments alike.

    World Wildlife Day is not just about raising awareness, it’s about action. The theme calls for a collective effort to reimagine how we fund and manage wildlife conservation, ensuring that the financing goes where it’s needed most. With so many species teetering on the brink, it’s crucial that the public and private sectors join forces, and that vulnerable nations – where biodiversity is under the greatest threat – are given the resources to protect their natural heritage.

    This year, the United Nations is emphasising the role of the private sector, governments, and civil society in closing the financial gap for biodiversity. Through global partnerships, such as those with the United Nations Development Programme (UNDP), WILDLABS, and the International Fund for Animal Welfare (IFAW), the hope is to foster collaboration across sectors, bringing together the diverse stakeholders needed to make wildlife conservation finance a reality.

    Furthermore, indigenous peoples and local communities, who have long been the stewards of the land, are being recognised as essential partners in this effort. These communities often hold the key to sustainable practices and have an intimate knowledge of their environments. Ensuring they have equitable access to conservation funds is vital to the success of any conservation effort.

    As we celebrate World Wildlife Day 2025, we are reminded that wildlife conservation is not just about saving species; it’s about securing a sustainable future for all of us. Whether it’s through financial investment, innovative conservation models, or a renewed commitment to protecting our planet’s biodiversity, we all have a part to play. By shifting our financial priorities, investing in conservation efforts, and working together, we can create a future where both wildlife and humanity thrive. It’s time to embrace a smarter, more sustainable path forward. After all, our survival depends on it.

    As you reflect on World Wildlife Day, ask yourself: what can you do to help bridge the conservation finance gap? Every action counts, and together, we can create a resilient and thriving world for generations to come. – Izah Azahari

    spot_img

    Related News

    spot_img