The Limited Times

Now you can see non-English news...

Draft at COP15: Rich countries should invest billions annually for biodiversity

2022-12-18T17:13:53.324Z


Rich countries should invest 30 billion dollars annually by 2030 so that vulnerable countries can save their biodiversity. This is evident from a draft agreement at the UN-led COP15 meeting.


The announcement came on Sunday from the UN meeting on biodiversity in Montreal, Canada, where Romina Pourmokhtari (L) is one of hundreds of environment ministers participating in the negotiations.

According to the draft, rich countries must increase their contribution to poorer countries to 20 billion dollars a year in 2025, to then raise it further to 30 billion dollars (corresponding to roughly 312 billion kroner) per year in 2030, reports the AFP news agency.

According to the draft, the countries must also commit to the goal that at least 30 percent of the planet's surface must be protected by 2030.

Rich countries' current support is estimated at around $10 billion a year, according to AFP.

Must agree on framework for biodiversity

The aim of the diversity meeting is for the countries to agree on a new framework for biodiversity - to save the earth's ecosystem - with targets and a plan for how these are to be financed and followed up.

A large number of recipient countries, including Brazil, India, Indonesia and many African countries, have previously demanded support equivalent to $100 billion annually until 2030.

For the draft agreement to become a reality, it must be signed by the countries that stand behind the UN Convention on Biological Diversity, which is every country in the world except the United States, which is still at the meeting.

Javascript is disabled

Javascript must be enabled to play video

Read more about browser support

The fjällräven's existence is threatened by climate change.

In the clip above, five reasons why species become extinct are given.

Photo: Peter Lindgren/SVT

Source: svt

All news articles on 2022-12-18

You may like

News/Politics 2024-02-26T11:54:34.469Z

Trends 24h

News/Politics 2024-04-15T19:31:59.069Z
News/Politics 2024-04-16T07:32:47.249Z
News/Politics 2024-04-16T06:32:00.591Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.