This tribunal has heard the detailed and moving evidence of the experts and the witnesses on the critical topic of financialization of nature, that is rapidly becoming part of the vocabulary of the nature conservation debate. The Tribunal has gathered information for this case in the four international Tribunals: Quito (2013), Lima (2013), Pars (2015) and Bonn (2017).
Evidence was presented that REDD+ (Reducing Emissions from Deforestation and Forest Degradation) framework and other carbon market frameworks and payment for ecological services have resulted in more ecological destruction and pollution and facilitated the establishment and continuation of destructive industries. Witnesses explained how systematic mechanisms, such as REDD+ were resulting in indigenous and local peoples who had not degraded their lands being disposed and losing their rights in order to enable a polluting company elsewhere in the world to continue exceeding air emission limits.
The Tribunal found that that systems such as REDD+ that commodified Nature failed to recognise the reality that human beings are an integral and inseparable part of a living Earth community and that the exploitation,
commodification and financialization of Nature is detrimental to all. Those who established these systems or who traded in carbon or biodiversity “credits”, were violating the rights of Nature and failing in their duty to ensure that the pursuit of human wellbeing contributes to the wellbeing of Mother Earth.