Minister of Finance called for further development of economic instruments to protect nature
Sigbjørn Johnsen, Minister of Finance, held the closing address at the sixth Trondheim Conference on Biodiversity. The Conference was attended by more than 300 participants form almost 100 countries representing governments, intergovernmental and non-governmental organizations, and scientific and academic institutions.
Over the five-day meeting, participants discussed status and lessons learned from the current Convention on Biological Diversity (CBD) 2010 target and setting post 2010 targets, including emerging issues and challenges for addressing drivers of biodiversity loss.
Johnsen explained that in Norway, the finance ministry coordinates sustainable development work and that biodiversity is an important part of this strategy as biological diversity is required for meeting these goals and ensuring intergenerational equity. He highlighted the fair access and benefit sharing and the elimination of harmful subsidies. He called for further development of economic instruments to protect nature and stated that the value of economic of biodiversity is often underestimated or ignored.
Source: Ministry of Finance