iLab Land Use: The role of Indigenous Peoples and Local Communities in maintaining the integrity of natural ecosystems. Raising ambition on direct access to finance for Indigenous Peoples from COP28 to COP30
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iLab Land Use: The role of Indigenous Peoples and Local Communities in maintaining the integrity of natural ecosystems. Raising ambition on direct access to finance for Indigenous Peoples from COP28 to COP30
15
Nov.
2024
15:00h
-
16:30h
AZT/UTC+4
Baku, Azerbaijan
Azerbaijan
Special Event Room - Hirkan, Area B
Area B
English
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iLab Land Use: The role of Indigenous Peoples and Local Communities in maintaining the integrity of natural ecosystems. Raising ambition on direct access to finance for Indigenous Peoples from COP28 to COP30
To date, 16% of the world’s lands and their embedded inland waters are under protection.There is still a gap of 14% to be bridged to reach the Kunming-Montreal 30 by 30 target of
protecting at least 30% of the world’s lands and inland waters. The target of protecting 350 million hectares comes from the Bonn Challenge to bring 350 millions hectares of degraded
and deforested landscapes into restoration by 2030. Since its launch, pledges under the Challenge have now reached 210 million hectares of land area for restoration across 60
countries. (p.50 2030 Climate Solutions Implementation Roadmap).
The actions and enablers recommended in the 2030 targets are to:
Include those directly affected by climate particularly local communities and Indigenous Peoples
Enhance connection between climate goals and development objectives to help address other limiting factors e.g. land tenure.
Strengthen policy and integrate financial mechanisms (e.g. Payment for ecosystem services to landowners (in case IPs have land tenure rights this is a way of direct access to finance for IPs)
In this context Indigenous Peoples and allies, with support of the UN High-level Champion for COP28, have consistently called for more climate finance to flow efficiently, and if possible,
directly, to IPs for land protection for nature conservation, biodiversity stewardship and climate protection.
Central to this work is the Indigenous Peoples and Local Communities tenure rights pledge that was announced at COP26. This pledge was accompanied by a financial commitment of
USD1.7bn over five years. At COP27 the Forest Climate Leaders Partnership was launched to oversee implementation of the pledge as well as a 2030 deforestation pledge.
Most recently, during UNGA 2024 in New York, HE Razan alongside COP29 and COP30 Presidencies, the Christensen Fund and the IIPFCC have started discussions on a forthcoming IP
Pledge 2.0. Discussions also focused on how multilateral finance and private sector finance can be leveraged in support of Indigenous Peoples nature stewardship and self-determination.
This event will build on discussions from Climate Week New York to keep momentum on the issue and to garner greater support from stakeholders active in the UNFCCC process. The
event will also be an opportunity to identify key moments in 2025 to continue conversations and take stock on how different actors are planning to support the issue.
Suggested Outcomes
Clear next steps and solutions to advance on the delivery of direct access to finance aligned pledges at COP30
Agenda
See the agenda and more details of the event in this Concept Note.