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.
As part of the financing package, the framework calls for increasing to at least $US20 billion annually by 2025 the money that goes to poor countries. That number would increase to $US30 billion each year by 2030. "We have 30 by 30. Six months ago, who would have thought we could 30 by 30 in Montreal? We have an agreement to halt and reverse biodiversity loss, to work on restoration, to reduce the use of pesticides. This is tremendous progress."
"It's not a small deal. It's a deal with very precise and quantified objectives on pesticides, on reduction of loss of species, on eliminating bad subsidies," he said. "We double until 2025 and triple 2030 the finance for biodiversity."WatchThe ministers and government officials from about 190 countries have mostly agreed that protecting biodiversity has to be a priority, with many comparing those efforts to climate talks that wrapped up last month in Egypt.
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