this Creation of a new global fund to protect biodiversity and stopping the galloping extinction rate is the main demand of developing countries at the UN Biodiversity Summit in Montreal (Canada). Again, implementation of such a fund would “take years” and would be less effective than reforming existing financial mechanisms.As announced Tuesday by the Canadian Minister for the Environment.
This is the prevailing criterion among developed countries in this thorny issue. key point The meeting, known as COP15, is in negotiations to create a new global agreement for nature.
At the summit, which will last until 19 December, delegates from around the world meet to reach a new agreement: A 10-year plan to save Earth’s forests, oceans and species before it’s too late.
Protect 30% of the planet by 2030
Preliminary goals include a core commitment to: Protect 30 percent of the world’s land and sea areas by 2030removing harmful subsidies for fishing and agriculture, combating invasive species, and reducing pesticides.
Dozens of countries, especially Brazil, India, Indonesia and African countries, They’re demanding financial subsidies of at least $100,000 million a year by 2030, which represents one percent of world GDP, to protect ecosystems. The AFP agency reports that the current figure is around $10,000 million per year.
“Northern countries understand that ambition must be accompanied by financial resources,” said Steven Guilbeault, Canada’s Minister for Environment and Climate Change, at a press conference amid the talks.
But my concern is that it may take years for new funds to be created and the Southern countries will not be able to receive money from this fund in those years,” he said.
i remembered this It took seven years to create the Global Environment Instrument, which is now the main multilateral mechanism for biodiversity.. Donors have committed $5.3 billion to this fund for its current cycle, covering the period 2022-2026.
“So I think it would be better to use available funds“As we seek reforms that make money more accessible,” he said.
“On the other hand, we have to agree that it can’t just be public money,” Guilbeault said. special contributions and philanthropic organizations, as well as multilateral lenders such as the World Bank and the IMF.
“We all need to try harder this week,” he said after the first week of talks ended in stalemate.
A fund similar to the climate ‘loss and loss’ fund
The distinction between developed and developing countries in creating a new biodiversity fund reflects a debate similar to the one that took place during the recent UN climate talks in Egypt. The creation of a “loss and damage” fund for the countries most vulnerable to climate change was discussed later, but this request was eventually accepted.
Given this precedent, Basile van Havre, co-chairman of one of the COP15 working groups, did not reject a similar resolution for biodiversity.
“Panorama or context is now much more appropriate”, Recognizing the growing political momentum for such a move, he told AFP.
“The EU says it is listening to the needs of the Global South and Africa Group and admits that the available funding is not sufficient. So what’s the problem?” said Anna Ogniewska, a Greenpeace policy adviser.
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