‘Fungibility’ could sink the financing mechanism

Common sense, as opposed to the common sense of funding, is a universal truth that economics professors make good decisions about resource allocation.

For instance, the issue of portability.

A common trend among billionaire philanthropists may be to consider public interests that the government cannot pursue.

Problems to be solved, not problems to be pressed.

The number of billionaires on the planet today is down by eight (about 1,623, according to Forbes).

Furthermore, regarding the broader issue of compensation, as I highlighted in my last publication on Mongabay.

The United Nations Convention on Biological Diversity (CBD) resolution of September 15 concerns the use of $250 million in “demonstration” funds.

As an example of biological replacement, compare the emissions of modern cars with those of older cars and scrap vehicles.

Where adverse selection and the use of substitution are less subtle.

In the United States, traditional government regulations (the CARS program to keep efficient and age-appropriate vehicles on the road) seem to make sense.

But half of used cars are rejected by their owners, economists say.

Will common sense prevail in funding?

Resolution 15/9 presented an ultimatum in paragraph 19: “The multilateral mechanism established by the 18th session of the Conference of the Parties referenced in paragraphs 9 and 10 of this Declaration will be considered for action coordination.”

Even if economists disagree with this statement, I argue that success at COP18 will be difficult without economic action and stimulus agreements.

COP16 and COP17 both had zero emissions, which is disappointing for operators and producers. Outside of the three biodiversity agreements, I cannot say much more.

After all, until COP19 is resolved, the problem can only be solved through income levels and an economy that encourages life in the region.

The example of biodiversity illustrates this well.

The water supply of many residents has been adjusted alongside the village-to-city transition.

Water restoration is an important issue for all countries; thus, Article 10 of Resolution 15/9 allows for water restoration through this global funding mechanism.

Source of information: brasil.mongabay.com

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