Opinion: Investing in the future of our shared planet 

The planet is facing two of the biggest threats in its history, biodiversity loss and climate change. These are worsening at extraordinary speed and our collective failure to act is having disastrous consequences.
There is a growing recognition and understanding among world leaders and policymakers of how biodiversity loss and climate change crises are connected, but we are yet to see united strategies on a global scale to address them. Habitat destruction diminishes nature’s ability to effectively store carbon and reduces species’ ability to adapt to changing environmental conditions, this then increases their risk of extinction and further exacerbates the breakdown of ecosystems.
But there is hope. We know that when given the chance, nature can recover.
“To drive nature’s recovery we are working tirelessly to ensure biodiversity is embedded in global decisions being taken on climate change at major events this year,” said Matthew Lowton, ZSL Policy Officer. “The pivotal climate conference COP26, held in Glasgow, is seen by many as the last chance we have to keep global warming of 1.5 within reach. ZSL will be attending and calling for global leaders to place nature at the heart of global decision-making, uniting solutions to tackle biodiversity loss and climate change. Governments must tackle these twin crises together.”
Biodiversity is also declining across the world at unprecedented rates.  ZSL’s 2020 Living Planet Index – a measure of the world’s biological diversity based on population trends of birds, mammals, reptiles, amphibians and fish – recorded a decline of 68% in average species population abundance since 1970. This is a frightening number. At ZSL, we are committed to reversing these declines in conjunction with conservation strategies to support ecosystem health.
The drastic fall in biodiversity levels impacts economies, livelihoods, food security, health and quality of life worldwide. Investment in the future of our planet is essential to reversing these declines and supporting the health of wildlife and of people.

Elkhorn coral (Acropora palmata), copyright Erik Brun

“At ZSL, we strive for the recovery of wildlife because this lies at the heart of healthy functional ecosystems that underpins ecological and climate recovery,” adds Andrew Terry, ZSL’s Director of Conservation and Policy. “These nature-based solutions can be immensely powerful – but they are currently underfunded, under-studied and overly simplified. We have to accept that the answers are difficult, challenging and require major long-term commitment. Nature-based solutions must sit alongside technological solutions.”
Corals can be described as the canaries in the coalmines, and the urgent need for united, global decision is clearly illustrated by the world’s reefs. Coral bleaching, caused by rising ocean temperatures, is an all-too-visible marker of stress or death.
Coral polyps – tiny animals – are the architects of some of the most biodiverse ecosystems on Earth. The reefs they build provide vital habitat, feeding, spawning and nursery grounds for more than a million aquatic species, while around 450 million people rely on them for food, coastal protection and their livelihoods.
Here in the UK, we are engaging young people through our two Zoos, London and Whipsnade. The next generation will most keenly feel the impacts of climate change in the future, while also potentially seeing the loss of some of the planet’s most recognised species if we do not act. ZSL is committed to inspiring and educating these conservation leaders of the future to get involved, by connecting them with wildlife in our Zoos, and supporting teachers with resources on climate change.
Together, we have an opportunity now to change the future of our planet. ZSL’s innovative work around the world shows that nature can return and thrive given the right combination of help. Our vision for the future, a world where wildlife thrives, is underpinned by the Sustainable Development Goals and is led by the power and insight of our world leading science, boots on the ground field conservation and practical experience of caring for endangered animals in our Zoos. Vitally, our conservation interventions are low-cost and high impact.
We each have the power to secure change, but we need your help. Each small act can make a difference, from using a re-usable cup, to making a commitment to the health of our planet by donating to our work, to connecting your business with ZSL to drive our vision for the future together. At this critical moment in time for our planet, I invite each of you to make a transformative change for the future of our shared planet.
 
James Wren is the ZSL Executive Director of Fundraising and Engagement.
 
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Government unveils outline of 2022 budget

Minister of State Pierre Dartout has presented the Principality’s 2022 primitive budget, citing a positive balance and a “clear improvement” in the overall economic situation.

During a breakfast with the press on Thursday, Minister of State Pierre Dartout presented the 2022 budget, which shows a return to balance and was described as ambitious, but realistic.

The minister spoke of the improvements in the economy, due in part to a good summer season and higher-than-expected VAT earnings, but warned not to be overly optimistic.

“We will do everything to intensify the economic recovery, but we are neither naive nor euphoric and the health crisis is not over,” Dartout said in his introduction.

The budget is almost perfectly balanced with €1.889 billion in revenue offset by €1.886 billion in expenditures, showing €2.9 million on the positive side. Disregarding €206 million in revenue corresponding with Testimonio II’s exchange transaction, revenue is up 15.7% compared to the 2021 figures. This is primarily due to VAT accrued through general means as well as real estate. VAT was up €259.5 million compared to the previous primitive and came to a total of €898 million.

Expenses are up 7.1% to €1.680 billion. Public expenditures are up +10.6% to €378 million and operating expenses on equipment and investments are up +7.9% to €660 million, explaining the vast majority of the increase.

The minister said the goal was to consolidate and maintain the country’s social and economic models whilst adapting to the times. Priority has been given to digital endeavours in line with the Monegasque goal of becoming a world focal point in this field as well as to major infrastructure projects, national plan housing programmes, health care and the quality-of-life issues.

Minister of Finance and the Economy Jean Castellini added that it was “pleasant to present a budget in surplus” and that “2020 would be a mishap in the course of the Monegasque exemplarity marked by the absence of debt and structural deficit. It is thanks to the increase in revenues that we can maintain our efforts in terms of equipment and investment, capital expenditure is not an adjustment variable as it may have been in the past.” 

Among the upcoming projects are the extension of the Grimaldi Forum, the Fontvieille Shopping Centre and more housing built through the national plan. Expenditures on these housing projects include €76 million for Grand Ida including the heightening of the Mélèzes, Testimonio II and II bis at €41.3 million, the Le Mas-Honoria operation costing €22.5 million, as well as the intermediate operations of the National Housing Assistance and the compensatory rent allowance. He said that the new Le Bel Air project will provide 200 additional homes.

Castellini also spoke of the importance of economic recovery, stating that loan deferrals to companies guaranteed by the State could be lengthened in order to allow them to invest more easily. €54 million euros are allocated to digital investments in administrative equipment and €20 million from the Blue Fund is available to help companies make the transition.

Initiatives to boost soft mobility were also a focus, whether it be improving pedestrian accesses, recharging stations for electric vehicles or assistance in purchasing clean vehicles, as was the health sector who will be receiving €11 million and Cap Fleuri, who will get €15 million.

Special Account of the Treasury was touched upon, with a forecasted debit of €58.925 million. Credits are planned in particular on the Special Green Fund Treasury Account (15.7 million) for the continuation of work on the Larvotto thalasso-thermic loop and the extension of the capacity of the La Condamine loop. The broad stroke Covid recovery plan has a provisional €17.5 million in expenditures on the books to make it possible to settle ongoing projects within this scope.

An €8 million project to expand the Ministry of State is also being considered.

At the conclusion of the presentation, the Minister of State said, “for public expenditure, we must stick to our priorities, and continue the recovery under way.”

 

 
Photo by Monaco Life