Dear Democracy Now! Visitor: We are an independent, ad-free daily news program that serves millions of viewers and listeners each month. In this US election year, Democracy Now! is more important than ever. For 20 years, we’ve put a spotlight on corporate and government abuses of power. We lift up the stories of ordinary people working to make change in extraordinary times. We do all of this with just a fraction of the budget and staff of a commercial news show. We do it without ads, corporate sponsorship or government funding. How is this possible? Only with your support. A generous funder will match your donation dollar for dollar if you donate right now. That means when you give $10, your donation will be worth $20. Pretty exciting, right? So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you every day.

Your Donation: $

Commodifying Wildlife? World Bank Launches Market Scheme for Endangered Species

December 09, 2010
Story
WATCH FULL SHOW

Guests

Robert Zoellick

World Bank president, speaking in Cancún.

At the U.N. Climate Change Conference in Cancún, World Bank President Robert Zoellick discussed a new initiative to create a financial market to help save endangered animals. Some critics have described the plan as an effort to turn wild animals into commodities. [includes rush transcript]


TRANSCRIPT

This is a rush transcript. Copy may not be in its final form.

AMY GOODMAN: We are broadcasting from Cancún, Mexico. On Wednesday, World Bank president Robert Zoellick discussed a new World Bank initiative to create a financial market to help save endangered animals. Some critics have described the plan as an effort to turn wild animals into commodities.

ROBERT ZOELLICK: The other values embedded in forests also need to be recognized, including the wildlife benefits. And these benefits would warrant premium on the carbon. Responsible investors and buyers would be attracted to these values, as well as the others, and they could invest upfront in projects with REDD-plus with wildlife certificates.

The Wildlife Premium Market Initiative will focus on charismatic forest-dwelling species that require large expanses of forest — tigers, jaguars, forest elephants, great apes, macaws, birds of paradise, lemurs. All of these iconic species range over vast areas, and sadly, many of them are endangered. Moreover, if you map the ranges of these species, they cover most of the remaining tropical forests and the most important areas for biodiversity. Protecting these species will protect the other flora and fauna that live under their umbrella.

Under future REDD-plus regimes, countries where these species live could earn carbon credits for reducing emissions from deforestation and degradation below a recognized baseline. By introducing wildlife premium into the mix, countries, provinces and local communities could earn additional payments if the range of species in question expands to include former habitat above some established baseline. We cannot just rely on an offset market. Investment funding will be necessary from the very start.

AMY GOODMAN: World Bank president Robert Zoellick here in Cancún.


The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Email icon redDaily News Digest