Bhutan and the Tiger Conservation Coalition Commit to Catalyzing US$1 billion for tigers

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:

  • Under the Royal Patronage of Her Majesty Queen, the conference will be hosted by the Royal Government of Bhutan and supported by the Tiger Conservation Coalition. 
  • The Coalition includes several leading conservation organizations including the Environmental Investigation Agency (EIA), Fauna & Flora International (FFI), International Union for Conservation of Nature (IUCN), Natural State, Panthera, TRAFFIC, United Nations Development Programme (UNDP), Wildlife Conservation Society (WCS), World Wildlife Fund (WWF) and Zoological Society of London (ZSL)
  • Conference Ambition:
    • 1 billion USD dollars additional catalyzed from global public and private investors and institutions for tiger conservation by 2034
  • Objectives:
    • Recognize Tigers as an indicator species and their potential to contribute to national and global biodiversity, climate, human well-being, sustainable development agendas and within global funding mechanisms.
    • Inspire collaboration and catalyze funding from the private and public sectors to contribute to sustainable financing for tigers and their landscapes through 2034.
    • Showcase successful approaches to sustainable financing for replication and scaling up.
    • Facilitate an exchange among key stakeholders to share and explore new funding streams.
    • Present conservation finance models from Representative Landscapes, based on evidence-based action plans and performance indicators, inspire the adoption of creative financing strategies to secure and recover tiger populations. 

 

Tiger Conservation Coalition

  • It is a group of NGOs that has worked for many years with partners to conserve tigers, 
  • our vision is for a long-term presence of viable and ecologically functional populations of wild tigers secure in protected habitats, with representation and links across their indigenous range, respected and valued by neighbouring human communities and beyond, a magnificent symbol of nature in all its beauty, complexity and wonder for future generations.
  • The eight non-governmental organisations (NGOs), all closely involved with tiger conservation and strong supporters of the Global Tiger Initiative (GTI) and Global Tiger Recovery Program (GTRP), have come together to share some ideas with the tiger range countries (TRCs) and other members of the Global Tiger Initiative for consideration for the next phase of this ambitious initiative. 

Book A Free Counseling Session

UPSC Prelims 2024

What's Today

Reviews

Programs

Centres

Social Platforms

Useful Links

Main Menu