News Excerpt:
The Sustainable Finance for Tiger Landscapes Conference concluded today on a high note, marking a historic moment for global conservation efforts.
About Sustainable Finance for Tiger Landscapes Conference:
- The conference was opened by Her Majesty the Queen of Bhutan, under whose patronage this effort to mobilize greater support for protecting tigers and tiger landscapes has been organized.
- Her Majesty emphasized the urgency of protecting tiger habitats to safeguard the wellbeing of the planet and the importance of sustainable funding to carry out this task.
- The conference aimed to raise significant resources through:
- Innovative financing mechanisms for tiger landscapes.
- The inaugural event at Bhutan, brought together tiger range countries, donors, development agencies, and conservation organizations.
- To explore innovative financing for tiger landscape conservation.
- High-level representatives from ten tiger range countries delivered statements on their progress, ambitions, and challenges related to conserving tiger landscapes,
- Including key financing challenges and opportunities.
- The conference culminated with the Paro Statement, inviting participants to join the commitment to mobilize an additional US$1 billion to conserve tigers and tiger landscapes over the next ten years.
- The funds will contribute to,
- Securing and increasing the global tiger population
- Expanding tiger range
- Enhancing ecological integrity and Overall biodiversity
- Benefiting local communities
- The Paro Statement highlights commitment to global collaboration, and national initiatives benefiting both tigers and communities.
- The conference identified various sustainable financing opportunities for tiger conservation in range countries such as:
- The Tiger Landscapes Investment Fund a new blended financial mechanism under development that would catalyze nature-positive businesses with positive impacts on tigers, biodiversity, and people
- The Asian Development Bank noted its intention to explore opportunities to support relevant countries with innovative financing instruments like a tiger bond.
- The conference was the first step in a ten-year collaborative process towards securing sustainable financing for the conservation of tiger landscapes.
Sustainable Finance for Tiger Landscapes Conference:
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Tiger Conservation Coalition
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