Very useful thanks. I wonder if the important IP issue is better addressed by respecting their stewardship and lands outside of the market mechanism by paying them via the public sector, there can still be MRV accountability which they can co-design with relevant MRV firms, who can pitch IP run projects for the MRV business, with oversight by local government environment dept., constituency, and citizens. Otherwise we’ll just end up with a few bad actors in private finance and development gaming the system for their own benefit and dragging the sector down with them.
Yeah that's a very fair point. Market mechanisms might not be the best mechanism for IP land conservation. It definitely shouldn't be the only one. Historically, overwhelmingly most nature finance is public. There are many other factors to consider in the Global South (e.g. IPs is not a homogenous group, the public sector & legal systems usually aren't as established in such regions (i.e. more corruption) & more). Ideally IP funding happens directly, often without even local public authorities in these regions. Drea Burbank from Savimbo is doing some specific work on direct IP funding right now.
Very useful thanks. I wonder if the important IP issue is better addressed by respecting their stewardship and lands outside of the market mechanism by paying them via the public sector, there can still be MRV accountability which they can co-design with relevant MRV firms, who can pitch IP run projects for the MRV business, with oversight by local government environment dept., constituency, and citizens. Otherwise we’ll just end up with a few bad actors in private finance and development gaming the system for their own benefit and dragging the sector down with them.
Yeah that's a very fair point. Market mechanisms might not be the best mechanism for IP land conservation. It definitely shouldn't be the only one. Historically, overwhelmingly most nature finance is public. There are many other factors to consider in the Global South (e.g. IPs is not a homogenous group, the public sector & legal systems usually aren't as established in such regions (i.e. more corruption) & more). Ideally IP funding happens directly, often without even local public authorities in these regions. Drea Burbank from Savimbo is doing some specific work on direct IP funding right now.
Fabulous insight thank you!
Cheers Jane!