Outrage + Optimism: The Climate Podcast 269. COP16: Making Peace with Nature?
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Oct 31, 2024 Monica Medina, Arnhold Distinguished Fellow at Conservation International and former US Special Envoy for Biodiversity, joins a lively discussion about biodiversity at the COP negotiations in Colombia. She highlights the critical link between climate and biodiversity and shares her optimism about a new oceans fund. The conversation dives into the importance of indigenous participation and fair compensation for genetic resources, emphasizing the need for integrated approaches to environmental stewardship and financial support for local communities.
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Colombia's 'Whole Society' Leadership
- Colombia's presidency centers a 'whole society' approach and uplifts indigenous stewardship in the global biodiversity framework.
- The COP theme 'peace with nature' seeks to embed humility, culture, and business responsibility into implementation.
Stewards Deserve Direct Financing
- Indigenous peoples steward a disproportionate share of intact ecosystems yet receive under 1% of nature finance.
- Recognizing stewardship requires direct finance access and structural changes to ensure funds reach communities.
Business Showing Up Differently
- Business attendance at COP16 is unprecedented and they're engaging with less jargon and more emotion, including 'love' for nature.
- Firms are motivated by regulation, disclosure trends, and investment opportunities to integrate nature into strategies.