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puce Newsletter AGTER September 2019. The combat against desertification under the threat of international finance
Denis Pommier
La lettre d’information du réseau Agter

La lettre d'information du réseau Agter

The association AGTER runs an international network of people, exchanging and thinking together how to improve the governance of land, water and natural resources.The network selects and makes information available but it also formulates suggestions and alternatives to face the current great challenges. This quaterly newsletter is presenting the latest information available on our website : www.agter.asso.fr.

24 September 2019

The combat against desertification under the threat of international finance

by Denis Pommier

(agro-economist, member of AGTER)

In 2014, Sandrine Feydel and Denis Delestrac drew the attention of European public to the dangers of the financialisation of nature in the excellent documentary "Nature, the new eldorado of finance" broadcast by ARTE.

"How much is nature worth? How much can it bring in? The race for widespread profit and the global market have contributed significantly to the current ecological crisis. Yet the worlds of economics and finance claim to reverse the trend and save the planet by protecting it in their own way, with money. It is indeed the emergence of a new market, that of environmental protection" (Source: Nature, nouvel eldorado de la finance).

It will come as no surprise to anyone that speculators are eager to exploit new opportunities. On the other hand, it is extremely worrying that the governments of the majority of the world’s states should validate their theses and call on them to save agricultural land.

In fact, at the 14th Conference of the Parties (COP14) of the United Nations Convention to Combat Desertification (UNCCD) held in New Delhi in September 2019, were again included in the official texts clear injunctions to mobilize private investors to address the growing disaster of agricultural land degradation worldwide. Among the many objectives selected, "the Conference invites Parties [...] to consider [...] "Encouraging responsible and sustainable investment by the private sector in land restoration, conservation and improvement, and livelihood development, as well as exploring how to develop a business case, including the consideration of public funding to facilitate increased private investment


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