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On the 7th of December Heinrich-Böll-Stiftung Brasil arranged the seminar: ”The Financialization of Nature and Extracivism: reflections and challenges for the defense of territory and the sovereignty of people”, parallel to the UN Climate talks COP 20, in Lima, Peru. Thomas Fatheuer, author of ’New Economy of Nature’ was one of the invited speakers and discussed how nature is increasingly seen and used as a commodity, and how it is linked to profit.
The World Bank states that: “the momentum is growing” and as a solution: “pricing carbon is inevitable if we are to produce a package of effective and cost-efficient policies to support scaled up mitigation”. In other worlds – putting a price on carbon is seen as the big answer. Thomas tells the audience about the World Bank’s presence at the COP 20 in Lima and its attempt to join governments to link its carbon markets. In his presentation Thomas criticize how there is a shift in regard to the use of the concept of nature: “nature is seen as not something that gives resources – nature is a recourse”. Thomas explains how that the usage of nature as a commodity makes people think that we use nature because it is valuable, but we loose it because it is free.
As an example Thomas talks about REDD (Reducing emissions from deforestation and forest degradation), which is a mechanism that makes money from nature by the idea of preserving the forest instead of cutting it down. REDD represents the only global "payment for ecosystem services". Thomas warns for the "new economy of nature": “REDD is the beginning of a new economic shift".
To hear more on Thomas Fatheur’s presentation and overview at the seminar “The Finanzialization of nature and extractivism” – listen to the recorded seminar above.
Imagen: Real World Radio
Este jueves se cumple un año del asesinato de la dirigente lenca Berta Cáceres en Honduras, y los grupos de Amigos de la Tierra Internacional (ATI) se movilizarán en decenas de países a partir de hoy, en el marco de una Semana de Acción que tendrá como cierre el 8 de marzo, Día Internacional de la Mujer.
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