To complete the process, please follow the instructions in the email we just sent you."Carbon is now an asset class," adds Gifford."And, of course, financial organisations want to get in on the ground floor of how to financialise and monetise conservation."Highlighting the role of financiers in governing the big conservation NGOs and their mutual interests in the growth of financialised approaches to conservation does not imply conflicts of interest.
The revelation also highlights the stark power imbalance between a small group of billionaires and millionaires who oversee the strategic direction of these huge agenda-setting organisations in the Global North and the marginalised communities that are most affected by their activities in the Global South.
"When the conservation NGOs work with luxury tourism or extractives, people can see it and see that there's an injustice there," she says."But when it comes to venture capitalism and carbon offset markets and so on and so forth, it becomes much more elusive."
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