She said there is good news in the fact that both the Congo Republic and the Democratic Republic of the Congo, which share the river basin, have agreed on joint management of three Ramsar sites in the area covering a total of 129,000 square kilometres. “Overall, I feel very positive.”
However, governments won’t get the job of protecting peatlands done by themselves. That’s where private finance comes in, said Anna van Paddenburg with the Global Green Growth Institute. What’s needed is a “business case” to attract private investors, something van Paddenburg wrote about in Smoke on Water.
The way to create a market, she said, is through a “landscape approach” that looks at what kind of economic activities can take place around the margins of peatlands. Government investment is used to protect and restore core zones of peatlands. Van Paddenburg said this builds in turn will build investor confidence. Private capital will be channeled towards sustainable economic activities in the outer zones of the peatland area.
Van Paddenburg’s organization is building a business model based on the gelam tree which produces light, high demand timber for furniture. Its leaves provide oil and the fact that it flowers all year provides a constant source of honey production.
“It’s still a risky business,” she added, “not the usual pulp and paper operation on peatlands.”
Alue Duong of Indonesian Peatlands Restoration Agency outlined the “3Rs” that sum up his country’s approach: “rewetting, revegetation and revitalization of local livelihoods.” The new business approach van Paddenburg outlined support these approaches.
Smoke on Water is raising awareness about the importance of peatlands, said Tobias Salathé, a senior advisor with the Ramsar Convention Secretariat. The Ramsar Convention focusses on the importance of conserving global wetlands.
Smoke on Water is raising awareness about the importance of peatlands, Salathé said. “One hectare of drained peatlands produces as much CO2 as flying three times around the world.”
A major message in the report is that to preserve peatlands, he said, governments, business, NGOs and communities need to work together. International conventions designed to protect the environment need to be reviewed.
“It’s important to overcome silo thinking to tackle this problem,”Salathé said.