This article was originally published on the Cornell Chronicle.
“The global community is spending only about 15 percent of what it must to conserve natural habitats for future generations, according to a new global consortium headed by Cornell and three other world-class institutions. The consortium is betting private investors, if presented with the right opportunity, will see the benefit of boosting that number.
Cornell has partnered with Credit Suisse, The Nature Conservancy and the International Union for Conservation of Nature to co-found the Coalition for Private Investment in Conservation. The coalition also includes more than 20 supporting members, from financial institutions to environmental organizations to national governments.
The group’s goal is to help preserve the world’s most important ecosystems by creating new opportunities for private investment in conservation and sustainable development.
“The only sector that has the financial heft to really address the conservation imperative is the private sector,” said John Tobin-de la Puente, professor of practice at the Charles H. Dyson School of Applied Economics and Management and at the Cornell Institute for Public Affairs. Tobin is heading up Cornell’s involvement in the coalition.
“A lot of investors and institutions are saying, not only does this represent a business opportunity, but also this is important,” he said. “We want to be able to leave our grandchildren healthy ecosystems.”…”
Read on at: the Cornell Chronicle.