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Sustainable Finance for Tiger Landscapes Conference


Why is it in the news?

  • Bhutan, in collaboration with the Tiger Conservation Coalition, organized the ‘Sustainable Finance for Tiger Landscapes’ Conference.

 

Key Takeaways

  • Participants included Bangladesh, Bhutan, Cambodia, China, India, Kazakhstan, Malaysia, Nepal, Thailand, and Vietnam.
  • The conference aimed to develop new financial mechanisms for tiger conservation, link tiger conservation to global biodiversity and climate agendas, and involve indigenous peoples and local communities.
  • One of the outcomes was the recognition of the tiger as the emblematic species of Asia, with cultural and spiritual significance.
  • The commitment was made to catalyze an additional US$1 billion in funding for tiger conservation by 2034.
  • The United Nations Development Programme presented the Tiger Landscapes Investment Fund, while the Asian Development Bank proposed a “tiger bond.”
  • The emphasis was on securing the 63 vital tiger landscapes for long-term tiger recovery.
  • Significance of Tiger Conservation: The conservation of tiger landscapes serves as models for harmonious coexistence between local communities and biodiversity, encourages carbon sequestration, ensures the supply of ecosystem services, and helps mitigate climate change.

 

·        Tiger conservation landscapes are defined as large blocks of habitat with a low human footprint suitable for tigers, requiring landscape-specific investments to sustain population trends and associated benefits.

·       Since 2015, the global tiger population has increased from 3,200 to approximately 4,500 in 2022.

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