Bhutan along with Tiger Conservation Coalition, hosted the ‘Sustainable Finance for Tiger Landscapes’ Conference | Current Affairs | Vision IAS
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    Bhutan along with Tiger Conservation Coalition, hosted the ‘Sustainable Finance for Tiger Landscapes’ Conference

    Posted 25 Apr 2024

    1 min read

    • It was attended by Bangladesh, Bhutan, Cambodia, China, India, Kazakhstan, Malaysia, Nepal, Thailand and Vietnam.

     

    • Aim of the conference
      • Develop new financial mechanisms for tiger conservation; 
      • Link tiger conservation to global biodiversity and climate agendas; 
      • Involve indigenous peoples and local communities.

     

    • Outcome
      • It acknowledged the tiger as the emblematic species of Asia, a revered cultural and spiritual symbol.
      • Commit to Catalysing US$1 billion in additional funding for tiger conservation by 2034.
      • The United Nations Development Programme presented with the Tiger Landscapes Investment Fund. 
      • The Asian Development Bank proposed “tiger bond”.
      • Emphasis on securing the 63 vital tiger landscapes for long-term tiger recovery.
    • Tiger conservation landscapes are large blocks of habitat with low human footprint suitable for tigers.
      • Tiger landscape-specific investments are required to sustain population trends and associated benefits.
        • Since 2015, the global tiger population has increased from 3,200 in 2015 to approximately 4,500 in 2022.

     

    • Significance of conservation of tiger landscapes
      • They are models for harmonious coexistence between local communities and biodiversity.
      • They encourage carbon sequestration, ensure the supply of ecosystem services, etc.
      • Helps to mitigate climate change.
    • Tags :
    • Tiger
    • Tiger Landscapes
    • Tiger Conservation Coalition
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