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The GEF's climate adaptation funds support the V20 Group's funding program with $5.3 million for community-based adaptation activities and will also leverage funding from other sources including those that will provide complementary support to address loss and damage from climate change.
Successful transactions that mobilize the private sector in conservation, including the Wildlife Conservation Bond and the Sovereign Debt Bond of Barbados, were highlighted during a session hosted by the GEF Pavilion at the UN Biodiversity Conference. The discussion, moderated by Avril Benchimol, Senior Blended Finance Specialist, GEF Secretariat, explored how these structures can be scaled to close the financing gap for biodiversity.
Joan Carling is Global Director of Indigenous Peoples Rights International, an organization working to protect human rights and address criminalization and violence against Indigenous Peoples. In an interview following her presentation to CSO Consultations hosted by the GEF, the UN Champion of the Earth awardee shared lessons from her 20 years of activism for a safer and more sustainable planet. How did you get into this line of work?
At CBD COP15, GEF CEO and Chairperson Carlos Manuel Rodríguez facilitated a discussion with countries and institutions involved in the conservation of primary forests and their multiple ecosystem services in the GEF Pavilion. A panel discussed how conserving primary forests appears the easiest solution to the twin crisis of biodiversity and climate, yet requires additional recognition globally. They explored how to seize the political window and further incentivize global, national, and local actions for conservation.
As the largest biodiversity conference in a decade kicked off in Montreal, mayors from 15 cities around the world called for increased direct financing to allow cities to implement ambitious greening and ecosystem restoration projects.