Biodiversity Agreement Reached At U.N. Conference
Biodivonsidered important for biodiversity by 2030, known as 30 by 30ersity conference in Montreal negotiators have reached an agreement to protect 30% of land and water
Secretariat of the Convention on Biological Diversity, David Ainsworth (C-L), Chinese Minister of Ecology and Environment Huang Runqiu (C-R), Executive Secretary of the UN Convention on Biological Diversity, Elizabeth Maruma Mrema (2nd R) and Inger Andersen Executive Director of the United Nations Environment Program (R) during a plenary meeting during the United Nations Biodiversity Conference (COP15) in Montreal, Quebec, on December 19, 2022.
Secretariat of the Convention on Biological Diversity, David Ainsworth (C-L), Chinese Minister of Ecology and Environment Huang Runqiu (C-R), Executive Secretary of the UN Convention on Biological Diversity, Elizabeth Maruma Mrema (2nd R) and Inger Andersen Executive Director of the United Nations Environment Program (R) during a plenary meeting during the United.
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Negotiators reached a historic deal at a U.N. biodiversity conference early Monday that would represent the most significant effort to protect the world’s lands and oceans and provide critical financing to save biodiversity in the developing world.
The global framework comes on the day the United Nations Biodiversity Conference, or COP15, is set to end in Montreal. China, which holds the presidency at this conference, released a new draft on Sunday that gave the sometimes contentious talks much-needed momentum.
“We have in our hands a package which I think can guide us as we all work together to halt and reverse biodiversity loss and put biodiversity on the path to recovery for the benefit of all people in the world,” Chinese Environment Minister Huang Runqiu told delegates before the package was adopted to rapturous applause just before dawn. “We can be truly proud.”
The most significant part of the agreement is a commitment to protect 30% of land and water considered important for biodiversity by 2030, known as 30 by 30. Currently, 17% of terrestrial and 10% of marine areas are protected.
The deal also calls for raising $200 billion by 2030 for biodiversity from a range of sources and working to phase out or reform subsidies that could provide another $500 billion for nature. As part of the financing package, the framework asks for increasing to at least $20 billion annually by 2025 the money that goes to poor countries. That number would increase to $30 billion each year by 2030.
Financing emerged late in the talks and risked derailing an agreement. Several African countries held up the final deal for almost nine hours. They wanted the creation of a new fund for biodiversity but agreed to the creation of one under the pre-existing Global Environmental Facility.
