Milan, April 23. (LaPresse) – “Biodiversity is not a commodity. We all benefit from it, but its protection comes at a cost, as is the case with many fundamental public services. The real challenge is to find a balance between public and private resources, which does not penalize virtuous and non-serious behavior excessively on the productive sector, avoiding negative effects on the competitiveness of our economies.”This was stated by Gilberto Pichetto Fratin, Minister of the Environment and Energy Security, speaking at the session of the G7 Ministerial in Paris dedicated to biodiversity financeWe consider it very timely – Pichetto added – the Alliance between Peoples, Nature and Finance “taken by the French Presidency, “which can represent an important impetus to mobilize new resources, especially from the private and philanthropic sectors.” Today, according to UNEP, “only about 10% of nature funding comes from the private sector. It is clear that more needs to be done,” Pichetto explained, highlighting the existence of positive experiences in Italy such as foundations and businesses, as well as initiatives like the Global Compact Network Italia, “which help spread a culture of sustainability in the private sector.” “Let’s not start from scratch,” Pichetto specified, citing “concrete instruments such as the Global Biodiversity Framework Fund, the Kunming Fund, and the Cali Fund, all open to private contributions”.Supporting these tools, the minister added, “is critical to achieving the global goal of mobilizing at least $200 billion annually by 2030.”Biodiversity – Pichetto Fratin concluded – lives in territories, the local and regional dimension is crucial. Italy is strongly committed to environmental cooperation, as in the Mediterranean and the Alps. We hope that the Alliance of Peoples, Nature and Finance will also support territorial initiatives and become a replicable model.”
G7, Pichetto: “Biodiversity is not a commodity; we need a balance between public and private resources.”
Milan, April 23. (LaPresse) – “Biodiversity is not a commodity. We all benefit from it, but its protection comes at a cost, as is the case with many fundamental public services. The real challenge is to find a balance between public and private resources, which does not penalize virtuous and non-serious behavior excessively on the productive sector, avoiding negative effects on the competitiveness of our economies.”This was stated by Gilberto Pichetto Fratin, Minister of the Environment and Energy Security, speaking at the session of the G7 Ministerial in Paris dedicated to biodiversity financeWe consider it very timely – Pichetto added – the Alliance between Peoples, Nature and Finance “taken by the French Presidency, “which can represent an important impetus to mobilize new resources, especially from the private and philanthropic sectors.” Today, according to UNEP, “only about 10% of nature funding comes from the private sector. It is clear that more needs to be done,” Pichetto explained, highlighting the existence of positive experiences in Italy such as foundations and businesses, as well as initiatives like the Global Compact Network Italia, “which help spread a culture of sustainability in the private sector.” “Let’s not start from scratch,” Pichetto specified, citing “concrete instruments such as the Global Biodiversity Framework Fund, the Kunming Fund, and the Cali Fund, all open to private contributions”.Supporting these tools, the minister added, “is critical to achieving the global goal of mobilizing at least $200 billion annually by 2030.”Biodiversity – Pichetto Fratin concluded – lives in territories, the local and regional dimension is crucial. Italy is strongly committed to environmental cooperation, as in the Mediterranean and the Alps. We hope that the Alliance of Peoples, Nature and Finance will also support territorial initiatives and become a replicable model.”
