Dubai Telegraph - Time to put monetary value on conservation, says Gabon

EUR -
AED 4.277193
AFN 76.278264
ALL 96.384702
AMD 444.254789
ANG 2.084488
AOA 1067.831058
ARS 1669.875407
AUD 1.753964
AWG 2.096069
AZN 1.984244
BAM 1.954822
BBD 2.344528
BDT 142.396172
BGN 1.956308
BHD 0.43899
BIF 3455.020152
BMD 1.164483
BND 1.507939
BOB 8.043943
BRL 6.350744
BSD 1.164018
BTN 104.659215
BWP 15.4652
BYN 3.346626
BYR 22823.860795
BZD 2.341119
CAD 1.610404
CDF 2599.125794
CHF 0.936598
CLF 0.027365
CLP 1073.513766
CNY 8.233014
CNH 8.233056
COP 4469.284578
CRC 568.61566
CUC 1.164483
CUP 30.858791
CVE 110.746839
CZK 24.199353
DJF 206.952322
DKK 7.46926
DOP 74.818471
DZD 151.338451
EGP 55.403297
ERN 17.46724
ETB 180.669946
FJD 2.633482
FKP 0.872036
GBP 0.873351
GEL 3.138328
GGP 0.872036
GHS 13.333781
GIP 0.872036
GMD 85.007651
GNF 10116.447882
GTQ 8.916541
GYD 243.537172
HKD 9.064392
HNL 30.603057
HRK 7.536071
HTG 152.3838
HUF 382.208885
IDR 19434.051674
ILS 3.767929
IMP 0.872036
INR 104.754244
IQD 1525.472329
IRR 49039.28188
ISK 148.99601
JEP 0.872036
JMD 186.316831
JOD 0.825664
JPY 180.860511
KES 150.572039
KGS 101.834459
KHR 4663.753596
KMF 491.412105
KPW 1048.026495
KRW 1715.92392
KWD 0.357438
KYD 0.970111
KZT 588.683098
LAK 25257.630031
LBP 104279.425622
LKR 359.050455
LRD 206.001381
LSL 19.738426
LTL 3.438415
LVL 0.704384
LYD 6.346874
MAD 10.755749
MDL 19.806011
MGA 5225.03425
MKD 61.609192
MMK 2445.343302
MNT 4129.840334
MOP 9.334532
MRU 46.416721
MUR 53.687009
MVR 17.937387
MWK 2022.70684
MXN 21.166896
MYR 4.787234
MZN 74.422528
NAD 19.738421
NGN 1688.744886
NIO 42.823896
NOK 11.76959
NPR 167.455263
NZD 2.016541
OMR 0.44774
PAB 1.164113
PEN 4.096072
PGK 4.876276
PHP 68.663144
PKR 326.49188
PLN 4.230857
PYG 8005.996555
QAR 4.23994
RON 5.091938
RSD 117.397367
RUB 89.084898
RWF 1689.664388
SAR 4.370504
SBD 9.584382
SCR 16.274091
SDG 700.440621
SEK 10.950883
SGD 1.508844
SHP 0.873664
SLE 27.60251
SLL 24418.617678
SOS 665.506124
SRD 44.982846
STD 24102.440677
STN 24.91993
SVC 10.184289
SYP 12877.133952
SZL 19.738411
THB 37.112493
TJS 10.680213
TMT 4.087334
TND 3.43668
TOP 2.803795
TRY 49.521868
TTD 7.891054
TWD 36.42677
TZS 2835.515749
UAH 48.861004
UGX 4117.9408
USD 1.164483
UYU 45.527234
UZS 13979.615126
VES 296.421323
VND 30695.763805
VUV 142.148529
WST 3.249082
XAF 655.626335
XAG 0.019932
XAU 0.000277
XCD 3.147073
XCG 2.097942
XDR 0.815161
XOF 655.025699
XPF 119.331742
YER 277.787769
ZAR 19.724129
ZMK 10481.745796
ZMW 26.912427
ZWL 374.962952
  • CMSC

    -0.0500

    23.43

    -0.21%

  • JRI

    0.0400

    13.79

    +0.29%

  • RIO

    -0.6700

    73.06

    -0.92%

  • BCC

    -1.2100

    73.05

    -1.66%

  • GSK

    -0.1600

    48.41

    -0.33%

  • BTI

    -1.0300

    57.01

    -1.81%

  • NGG

    -0.5000

    75.41

    -0.66%

  • SCS

    -0.0900

    16.14

    -0.56%

  • RBGPF

    0.0000

    78.35

    0%

  • AZN

    0.1500

    90.18

    +0.17%

  • RYCEF

    -0.1600

    14.49

    -1.1%

  • VOD

    -0.1630

    12.47

    -1.31%

  • RELX

    -0.2200

    40.32

    -0.55%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • BP

    -1.4000

    35.83

    -3.91%

  • BCE

    0.3300

    23.55

    +1.4%

Time to put monetary value on conservation, says Gabon
Time to put monetary value on conservation, says Gabon / Photo: Steeve JORDAN - AFP

Time to put monetary value on conservation, says Gabon

A key UN summit this year must give biodiversity the same priority as climate change and press ahead with putting a financial value on natural resources, Gabon's environment minister says.

Text size:

British-born Lee White, an ecologist who has helped make Gabon a powerful voice for the environment in central Africa, said Earth's climate and biodiversity crises went hand in hand.

COP15 -- an eagerly awaited conservation conference due to take place in Kunming, China, in the last quarter of 2022 -- must give biodiversity "the same level of priority as climate change", White said in an interview with AFP.

"We're looking at much higher ambition for conservation," he said.

"One of our priorities is the 30 by 30 target -- 30 percent protected areas across the planet by 2030 -- and moving the agenda forward on biodiversity credits, biodiversity financing."

Carbon credits, which have been around for more than two decades, offer financial incentives to reduce or avoid emissions of greenhouse gases.

Biodiversity credits would offer similar incentives to nurture conservation hotspots, which scientists say play a hugely under-estimated role in human survival.

"The Congo Basin stabilises Africa, it's the heart and lungs of Africa," said White, the author of dozens of research papers.

"Without the Congo Basin... we lose the rainfall in the Sahel, and you have hundreds of millions of climate refugees moving south," he said.

"We should be able to calculate that cost and then attribute it to the biodiversity services that the Congo Basin is providing. But today, biodiversity is worth zero."

Born in Manchester in northern England, White, 56, began his career in the African rain forests before he managed the activities of the Wildlife Conservation Society in Gabon for 15 years and in 2002 became an advisor to President Omar Bongo Ondimba for national parks and eco-tourism. In 2009, he was appointed minister for water, forests, the sea and environment.

- Gabon success -

White pointed to Gabon's own record in sequestering carbon by preserving its lush tropical forests.

In 2002, Gabon set up a network of 13 national parks covering 11 percent of its territory. Today, 22 percent of the land is protected.

In 2017, the country created 20 marine sanctuaries covering 53,000 square kilometres (20,500 square miles) -- the biggest ocean haven in Africa, and equivalent to 27 percent of its territorial waters.

"Since the Earth summit in Rio we have absorbed three billion tonnes of CO2," said White.

"I think if we find ways to give a value to all of that progress, if we find a way to find a value to our net sequestration of carbon, then other countries will maybe take a look at the Gabon example and potentially do something similar themselves."

Habitat conservation has helped Gabon's population of forest elephants grow from 60,000 to 95,000 animals, while across Africa numbers of this species have fallen by three-quarters.

This success story has a downside in conflict between elephants and humans, in which climate change also plays a part, said White.

- Hungry elephants -

Research at one of the forest sites, he said, has found that over 40 years, temperatures have risen by one degree Celsius (1.8 degrees Fahrenheit) and annual rainfall has fallen by 200 millimetres (7.9 inches), leading to a crash of 80 percent in rainforest fruits, which are a key part of the elephants' diet.

"The elephants are hungry -- we've actually proved scientifically that they are thinner," said White.

"So they are coming out of the forest as well because of climate change to eat people's fields, looking for food."

White said he had much sympathy for poor farmers who were exasperated by elephants which ate or trampled on their crops.

"The world loves elephants," he said.

"I would bet there are more elephants in Paris or London than there are in the whole of Africa. But those elephants are cuddly elephants -- they're toy elephants in children's bedrooms.

"Because for the West, the elephant is this wonderful lovely cuddly thing, and for rural African children, an elephant is a big scary thing that might have just killed their father or destroyed the food that they were going to eat in the next few months."

White said it was essential to resolve poaching in remote areas so that elephants could move away from areas inhabited by humans and back into their old habitat.

"We (also) have to protect rural people's crops, ideally using electric fences and other methods, rather than killing the elephants," he said.

"But we absolutely have to protect rural people's livelihoods and safety and quality of life."

This year, for the first time, the government has provided funds to help ease the elephant-human conflict, he said.

The equivalent of $5 million has been included in the 2022 budget for compensation for farmers whose crops have been damaged by tuskers.

Y.Chaudhry--DT