7th GLF Investment Case Symposium
How can we raise $200 billion a year for biodiversity and climate? From 21 October to 1 November 2024, global leaders gathered in Cali, Colombia, for the 2024 UN Biodiversity Conference (COP16), tackling critical issues like ecosystem protection, climate action, and food security. The 7th GLF Investment Case Symposium, the largest sustainable finance event in the Global South, explored how to fund these efforts, including the role of emerging tech like Artificial Intelligence (AI) in finding innovative solutions.
About this session
Illicit drug crop cultivation often occurs in fragile ecosystems and protected areas, leading to deforestation and biodiversity loss. Forced eradication can damage surrounding environments and displace populations, increasing pressures on other landscapes. Despite its environmental harm, drug crop cultivation is often the only income source for vulnerable communities.
This session explores how investments in “alternative development” can help these communities shift away from illicit activities while supporting biodiversity conservation and reversing environmental degradation. It also demonstrates how this approach contributes to global biodiversity and climate change targets.
Resources
Practical Guide: Alternative Development and the Environment
