The draft text of a new agreement to protect nature from destructive human behaviour is still littered with disagreement with less than three days left on the official schedule of the COP15 talks in Montreal.
With one million species facing extinction this century and a majority of both land and marine environments already significantly altered by human activities, the 196 nations in the UNconvention are seeking a bold new agreement that halts further destruction of nature and seeks to restore what has already been lost.
The other reason the Aichi framework failed was a lack of financing, and that is proving to be the biggest sticking point in Montreal. Rwanda's environment minister Jeanne d'Arc Mujawamariya said Saturday the parties do seem to agree that developed countries need to commit to the equivalent of C$275 billion a year by 2030 from all sources, including government funds and private-sector contributions.
But developed countries, including Canada, have warned they cannot fill the entire gap on their own and accuse developing countries of making demands that simply can't be met. Guilbeault and European ministers have been clear that increasing financing has to be met by co-operation from developing countries to meet the ambition of the 30 by 30 target.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COP15: Countries must overcome ‘trust deficit,’ UN official says at biodiversity talks | Globalnews.ca'If we don't take care of our biodiversity, there will be no us,' said Amina Mohammed, Deputy Secretary-General of the United Nations.
Read more »
Will the COP15 biodiversity conference push business to account for its damage to nature?Like the rallying cry of ‘net zero’ for the climate movement, ‘nature positive’ aims to ensure there is more nature on the planet by 2030 than 2020
Read more »
Nature finance impasse deepens between developed, developing countries at COP15With four days left to reach a new global agreement to conserve and restore nature, the marquee targets under negotiation at COP15 in Montreal remain elusive.
Read more »
Nature finance impasse deepens between developed, developing countries at COP15 - Terrace StandardNature finance impasse deepens between developed, developing countries at COP15
Read more »
Canada works to rescue COP15 biodiversity conference on two frontsConcerns are mounting that too little progress is being made toward the protection of global biodiversity
Read more »
Why Canada is reaching for its wallet — again — at COP15 biodiversity summitOttawa announced Friday that it would pony up another $255 million in new funding for nature conservation in developing countries.
Read more »