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Charity: Throwing cash at biodiversity ineffective
Rich countries throwing money at schemes designed to enhance biodiversity is ineffective, a report by charity Third World Network says.
The report calls for a profound re-organisation of the global post-pandemic economy to prevent further harm to the planet .
It recommends nothing less than a change in our entire economic model .
Cancellation of debt owed by the poorest, most biodiverse countries would be the place to start, it adds.
Developed nations in the global north should pay for their vast ecological debts , said lead author Dr Patrick Bigger from Lancaster University. There need to be no strings attached payments to those countries, said Dr Bigger. Otherwise we just continue to dig this hole and try to fill the hole with money.