France helps create biodiversity fund
Biodiversity – COP25 – Press release issued by the Ministry for the Ecological and Inclusive Transition
Paris, 2 December 2019
In the framework of COP25, Brune Poirson, Minister of State attached to the Minister for the Ecological and Inclusive Transition, has today signed with Alberto Moreno, President of the Inter-American Development Bank (IDB), the agreement to create a new trust fund devoted to biodiversity.
Through the creation of this fund dedicated to protecting biodiversity, we are taking a first step towards finding sustainable solutions to restore and manage tropical forests, which are essential to protecting both biodiversity and the climate, thanks to their roles as carbon sinks.
At the One Planet Summit in New York in September 2018, French President Emmanuel Macron announced a €24-million contribution to this new trust fund hosted by the Inter-American Development Bank and dedicated to biodiversity, the Natural Capital Lab, whose priority sectors are the fight against deforestation, the transition to responsible agriculture and the protection of biodiversity.
At the G7 summit in Biarritz in August 2019, France sought to steer the actions of this new fund towards projects devoted to combating deforestation in Latin America, especially the Amazon region.
Brune Poirson is today signing the agreement to create the fund, specifying that the projects presented must be to support the continent’s tropical forests, in particular in the Amazon basin.
The creation of the fund is also in line with the alliance to protect tropical forests sought by the French President during the meeting devoted to the Amazon region on the sidelines of the United Nations General Assembly in September 2019, where he announced a $100-million contribution by France to the fight against deforestation.
France’s appopriations to the Natural Capital Lab are included in the 2020 budget.
The action reflects France’s desire to take action internationally to combat the erosion of biodiversity, with the year 2020 set to be decisive because it will include, in June, the IUCN (International Union for Conservation of Nature) World Conservation Congress in Marseille and then COP15 on biodiversity in Kunming, China./.