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

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
Watch News Today