WATCH: The New Financial Markets on Nature’s Destruction Explained to my Grandmother – Frederic Hache

Published November 24, 2020

 

 

“This video summarizes the below reports: – 50 shades of green part II: the fallacy of environmental markets – 50 shades of green part III: sustainable finance 2.0″ [Source: Green Finance Observatory] [Download: 50-shades-biodiversity-final]

“This [] illustrates why protection of nature based on a price mechanism is more unstable than protection based on law.” — Frederic Hache

 

[Frédéric Hache is a financial expert. He worked for twelve years in investment banking, selling and structuring currency derivatives. After that he was head of policy analysis at the NGO Finance Watch for six years, analysing EU legislation linked to systemic risks / financial stability. He now heads the Belgian think tank Green Finance Observatory, lectures in sustainable finance at Science Po Paris, works as a freelance expert on sustainable finance and environmental markets and is pursuing a PhD in political economy. His research interests are about market-based solutions applied to environmental and social policies. They include natural capital, carbon and biodiversity markets, catastrophe bonds and sustainable finance.]

Campaign Announcement: NO Deal For Nature | Stop the Corporate Capture of the Commons

February 9, 2020

 

Illustration: Betrayal, artist Mario S. Nevado

A new international campaign has been launched which alleges the WEF is guilty of spearheading a bid by corporations and financial institutions to “monetize” nature on a global scale.

It is calling on people across the world to hold public meetings, disseminate information, form local campaign groups  and “to take whatever action is necessary” to halt the so-called “New Deal for Nature”.

An online statement from the “No Deal for Nature” alliance [1], whose slogan is “life is not a commodity”, has already won the support of several academics and campaigners.

It warns that “under the guise of environmental protection” a massive exploitation scheme is in fact being drawn up, with the aim of maintaining the current wealth and power transfer from the poor to the rich.

The WEF boasted on its own website that “young climate activists, including Greta Thunberg” would be attending the Davos event in Switzerland from January 21. [2]

WEF stated it would be discussing “how to address the urgent climate and environmental challenges that are harming our ecology and economy” and “how to transform industries to achieve more sustainable and inclusive business models”.

However, the WEF also revealed it would be examining “how to govern the technologies driving the Fourth Industrial Revolution so they benefit business”. [3]

The package of policies known as the “New Deal for Nature” is being promoted not only by the WEF, but also by  the United Nations (UN), [4] the World Bank [5] and the controversial World Wildlife Fund (WWF).[6]

The UN has admitted it wants to “advance a new political agenda” involving “increased promotion of innovative financing that supports green infrastructure”. [7]

The new campaign describes this agenda as a “monstrous and unprecedented assault on our living world by the capitalist system”.

It warns that nature and humanity alike will suffer, with the threat of “further Indigenous displacement and genocide”.

The campaigners conclude: “The NDFN must be stopped. We call on all those who care about nature to speak out now”.

 

[1] http://nodealfornature.org

[2] https://www.weforum.org/agenda/2020/01/davos-abandon-fossil-fuel-economy-climate-change-greta-thunberg/

[3] http://www3.weforum.org/docs/WEF_AM20_Overview.pdf

[4] https://truepundit.com/al-gore-un-officials-team-up-to-push-a-new-deal-for-nature/

[5] https://blogs.worldbank.org/voices/five-ways-help-nature-help-us

[6] https://wwf.panda.org/wwf_news/?339010/A-new-deal-for-Nature-and-Humanity

[7] http://wedocs.unep.org/bitstream/handle/20.500.11822/28333/NewDeal.pdf

 

CONTACT: nodealfornature@protonmail.com

Twitter:

 

5 reasons to say “no” to the New Deal For Nature

1. Conceived of by vested interests. The “The New Deal For Nature” (NDFN) is being drawn up by the world’s most powerful corporations, financial institutions, and conservation NGOs, including WWF. WWF has been complicit in human rights abuses for years. At the helm of the NDFN is the World Economic Forum which entered into partnership with the United Nations on June 13, 2019.

 

2. Undemocratic. The NDFN is being negotiated without any participation from the wider public. The deal will be concluded at the UN Convention on Biological Diversity (CBD) conference in Beijing in October 2020 without any vote by our local, regional or national parliaments, bypassing full democratic scrutiny.

 

3. Represents the corporate coup of the commons. During negotiations on free trade agreements such as TTIP and CETA, we saw how our governments work hand-in-hand with multinational corporations to hand over even more power to big business, privatising more public services. Now nature is up for grabs. Under the guise of taking action on the climate and ecological crises, what the NDFN entails, in practice, is the financialization and privatisation of nature (defined as “ecosystem services”, “natural capital”, “natural climate solutions” or “nature-based solutions”)— global in scale. Assigning monetary value to nature enables industries such as the fossil fuel industry to continue polluting as long as they commit to engaging in net zero activities such as offsetting carbon emissions by planting trees, or by “restoring” nature.

 

4. Rescues the very system destroying nature. The NDFN would involve the total transformation of the global economic system to create new markets, thereby salvaging the failing global economic capitalist system that has brought us to the brink of ecological catastrophe.

 

5. Harms those best placed to protect biodiversity. The NDFN would threaten the further displacement and genocide of Indigenous and tribal peoples as global corporations and conservation NGOs seek control of their lands to maintain hegemony under the guise of tackling climate change and restoring nature. This represents a new wave of colonisation, for peoples in the Global South in particular.

 

Further resources to learn more about the New Deal For Nature:

The Manufacturing of Greta Thunberg – For Consent: The Green New Deal is the Trojan Horse for the Financialization of Nature [Volume I, Act V], an investigative report by Cory Morningstar https://www.wrongkindofgreen.org/2019/02/13/the-manufacturing-of-greta-thunberg-forconsent-the-new-green-deal-is-the-trojan-horse-for-the-financialization-of-nature/

The Manufacturing of Greta Thunberg – A Decade of Social Manipulation for the Corporate Capture of Nature [Volume I, Act VI – Crescendo], an investigative report by Cory Morningstar https://www.wrongkindofgreen.org/2019/02/24/the-manufacturing-of-greta-thunberg-adecade-of-social-manipulation-for-the-corporate-capture-of-nature-crescendo/

The Manufacturing of Greta Thunberg – For Consent: To Plunder What Little Remains: It’s Going To Be Tremendous [Volume II, Act III], an investigative report by Cory Morningstar https://www.wrongkindofgreen.org/2019/09/15/the-manufacturing-of-greta-thunberg-forconsent-to-plunder-what-little-remains-its-going-to-be-tremendous-volume-ii-act-iii/

The Manufacturing of Greta Thunberg – For Consent: They Mean Business [Volume II, Act IV], an investigative report by Cory Morningstar https://www.wrongkindofgreen.org/2019/09/17/the-manufacturing-of-greta-thunberg-forconsent-they-mean-business-volume-ii-act-iv/

To learn more about the issue of monetising nature: Climate Capitalists, a page created by Winter Oak Press providing links to over 50 resources in various formats and languages https://winteroak.org.uk/climate-capitalists/

Accumulation by Restoration: Degradation Neutrality and the Faustian Bargain of Conservation Finance, an intervention by Amber Huff of the Institute of Development Studies and STEPS Centre, University of Sussex and Andrea Brock of the University of Sussex in the journal Antipode Online https://antipodeonline.org/2017/11/06/accumulation-by-restoration/

Guatemala: Petén at the center of the sustainable development plans of the NGOs, an investigative report by Aldo Santiago in Avispa Midia
https://avispa.org/peten-at-the-center-of-the-sustainable-developments-plans-of-the-ngos/  

Guatemala: Carbon, the Metric of Displacement in Petén, an investigative report by Aldo Santiago in Avispa Midia
https://avispa.org/guatemala-carbon-the-metric-of-displacement-in-peten/

Banking Nature, a documentary by Denis Delestra and Sandrine Feydel https://www.wrongkindofgreen.org/2019/10/30/watch-banking-nature/

To learn more about WWF’s human rights abuses: WWF Silence of the Pandas, a documentary by Wilfried Huismann
https://www.wrongkindofgreen.org/2013/07/22/watch-wwf-silence-of-the-pandas-a-journeyinto-the-heart-of-the-green-empire/

Victim of the WWF, a documentary by Zembla
https://www.wrongkindofgreen.org/2019/06/04/watch-victim-of-the-wwf-world-wildlife-fund/