The importance of protecting the Amazon rainforest has become more crucial than ever. To achieve this, the world needs the public sector and the private sector to come together to develop market-driven nature-based solutions to catalyze and direct capital to benefit the Amazon region. How can this be achieved? What can the different sectors bring to the table?
The session will set the scene for the conversations and activities over the course of the weekend, with the goal of identifying concrete actions that can be taken to safeguard the Amazon’s biodiversity and promote sustainable development in the region.
When talking about environmental sustainability, it is necessary to take into account the energy industry in the planning of sustainable strategies to achieve a long-term impact in the Amazon rainforest. The energy industry will play a key role in protecting the region and promoting its sustainable development. How can this industry protect the environment and provide sustainable solutions for the region? How can the public sector work with this industry to achieve its environmental goals?
The Amazon rainforest, considered to be the lungs of the Earth, is a natural resource for disease treatment and prevention. Ancestral knowledge, accompanied by innovative technologies and science, will be critical to developing market-driven nature-based solutions to overcome global health challenges. How can countries work with different industries to find solutions and maximize their impact?
To advance projects that help protect the Amazon rainforest, it is necessary to have appropriate and sustainable financing. It is essential that climate finance help communities adapt to the impacts of climate change, but at the same time support them in developing new projects for climate action. To achieve an impact in the region, the public and private sectors require the necessary regulatory framework and the appropriate funding. What is needed to mobilize climate finance in the Amazon rainforest?
One of the most important elements of the Amazon rainforest is the culture of its communities. These communities have ancestral knowledge and are the ones who know the most about the opportunities and challenges that the region presents. It is critical that governments and different organizations work to protect their human rights and support their social progress. How can different stakeholders work with local communities in the region to promote social development focused on indigenous conservation methods that have a positive long-term impact?
Local communities in the Amazon not only need a regulatory framework that promotes their economic and social development, but they also need support from the private sector in terms of financing and know-how. The entrepreneurship of indigenous communities is increasingly necessary and the support of different sectors is critical to scale these ventures and make them sustainable in the long term. What role can the private sector play in supporting these market-driven nature-based solutions led by local communities?
The carbon market is one of the most important tools to economically reduce CO2 emissions and tackle the global warming crisis. Although it provides an efficient environmental use of resources and many countries are looking at carbon markets as a way to address this global issue, there are concerns about its price volatility, greenwashing practices, and human rights abuses, among others. Alternatively, biodiversity credits are also effective economic instruments to invest in environmental projects with a positive biodiversity impact. As two examples of instruments to bring forward low-carbon investments, there is an increasing need to combine their know-how and create a necessary framework to make these investments more efficient and attractive. How can we create credible, scalable, and replicable carbon markets and navigate their challenges? What is the best way to make carbon markets and biodiversity credits work side by side to maximize their impact?