Less than 1% mitigation & adaptation funding went to world’s indigenous groups despite more commitment: Report

Source: The post is based on the article “Less than 1% mitigation & adaptation funding went to world’s indigenous groups despite more commitment: Report”  published in Down To Earth on 11th August 2023.

What is the News?

A report has been released on the initial phase of the Inclusive Conservation Initiative (ICI).

The report highlights that even though funding commitments have risen for Indigenous Peoples and local communities (IP and LC) to improve conservation.But their overall funding situation hasn’t really improved.

For instance, donors have given Indigenous Peoples and local communities less than 1% of the funds for addressing climate change impacts and adaptations.

What is the Inclusive Conservation Initiative (ICI)?

The Inclusive Conservation Initiative (ICI) was endorsed by Global Environment Facility (GEF) in 2022.

Aim: To enhance Indigenous Peoples’ and Local Communities’ (IPs and LCs) efforts to protect land, waters and natural resources to deliver global environmental benefits.

– The initiative will support enhanced Indigenous and community stewardship across 7.5 million hectares of landscapes, seascapes, and territories with high biodiversity and irreplaceable ecosystems.

Technical support and supervision by: Conservation International and the International Union for Conservation of Nature (IUCN).

Significance: Indigenous Peoples and local communities make up just 5% of the world’s population. But they steward 25% of land and 40% of intact ecosystems on Earth. Yet, many have lacked financial support to improve and scale their sustainable management of these territories.

– This initiative will provide financial support to these Indigenous and locally-led initiatives.