Donate Today!

October 12, 2012
4:08 PM

CONTACT: Friends of the Earth

Isaac Rojas, Friends of the Earth International Coordinator of the Forests
and Biodiversity Programme – Email: or Tel: + 506
8338 32 04 (Costa Rican mobile)

Biodiversity Talks Should Oppose 'Financialization' of Nature

HYDERABAD, INDIA - October 12 - While ministers start gathering here ahead of a second week of  United Nations Biodiversity talks [15-19 October], preparing to discuss where to garner billions of dollars needed to preserve global biodiversity, Friends of the Earth International warns against  Nature being ' financialized' (being given a price, bought, sold, and converted in financial mechanisms), which many multinational corporations are lobbying for.

More than 170 countries are represented at the Hyderabad UN 11th Conference of the Parties to the Convention on Biological Biodiversity, which seeks to address all threats to biodiversity and ecosystems, including climate change.

"Biodiversity and forests are critical for the survival of people and the planet, and are thus priceless. Our biodiversity needs to be protected, not speculated on by reckless and unaccountable financial markets,” says Isaac Rojas, Friends of the Earth International Coordinator of the Forests and Biodiversity Programme.

Friends of the Earth International believes that governments should establish public funds and other non-market based and non-corporate mechanisms to fund the conservation of biodiversity, and not rely on financial markets and financial speculation.

"Financialization of Nature, which many corporations are lobbying for, is a recipe for disaster. The takeover of biodiversity by the financial sector must be stopped," Isaac Rojas added.


Friends of the Earth is the U.S. voice of the world's largest grassroots environmental network, with member groups in 77 countries. Since 1969, Friends of the Earth has fought to create a more healthy, just world.


Note: Disqus 2012 is best viewed on an up to date browser. Click here for information. Instructions for how to sign up to comment can be viewed here. Our Comment Policy can be viewed here. Please follow the guidelines. Note to Readers: Spam Filter May Capture Legitimate Comments...