At UN talks, nations agree to invest in plan to protect nature

by Admin
At UN talks, nations agree to invest in plan to protect nature

Nations cheered a last gasp deal reached Thursday to map out funding to protect nature, breaking a deadlock at United Nations talks seen as a test for international cooperation in the face of geopolitical tensions.

Rich and developing countries worked out a delicate compromise on raising and delivering the billions of dollars needed to protect species, overcoming stark divisions that had scuttled their previous meeting in Cali, Colombia, last year.

Delegates stood and clapped in an emotionally charged final meeting that saw key decisions adopted in the final minutes of the last day of rebooted negotiations at the U.N.’s Food and Agriculture Organization headquarters in Rome.

COP16 President Susana Muhamad of Colombia hailed the fact that countries worked together for a breakthrough, enabling progress “in this very fragmented and conflicted world,” she said.

“This is something very beautiful because it’s around protecting life that we have come together, and there cannot be anything higher than that,” she said.

The decision comes more than two years after a landmark deal to halt the destruction of nature this decade and protect the ecosystems and wildlife that humans rely on for food, climate regulation, and economic prosperity.

One million species are threatened with extinction, while unsustainable farming and consumption destroy forests, deplete soils and spread plastic pollution to even the most remote areas of the planet.

The agreement on Thursday is seen as crucial to giving impetus to the 2022 deal, which saw countries agree to protect 30% of the world’s land and seas.

Talks were also seen as a bellwether for international cooperation.

The meeting comes as countries face a range of challenges, from trade disputes and debt worries to the slashing of overseas aid.

Washington, which has not signed up to the U.N.’s Convention on Biological Diversity, sent no representatives to the meeting.

“Our efforts show that multilateralism can present hope at a time of geopolitical uncertainty,” said Steven Guilbeault, Canada’s minister of environment and climate change.

Ousseynou Kasse of Senegal, speaking on behalf of the Africa Group, also threw support behind global cooperation.

“We believe that this is the way that can save the world, and we must continue down this path,” he said.

Countries must be “accountable to our children, to the generations to come,” he added.

The failure to finalize an agreement in Cali was the first in a string of disappointing outcomes at environmental summits last year.

A climate finance deal at COP29 in Azerbaijan in November was slammed by developing countries, while separate negotiations about desertification and plastic pollution stalled in December.

Countries have already agreed to a goal to deliver $200 billion a year in finance for nature by 2030, including $30 billion a year from wealthier countries to poorer ones.

The total for 2022 was about $15 billion, according to the OECD. The main debate in Cali and later Rome was over developing countries’ calls for the creation of a specific biodiversity fund, which has seen pushback from the EU and other wealthy nations, who have argued against multiple funds.

The agreement reached in Rome leaves it to the 2028 COP to decide whether to set up a specific new fund under the U.N. biodiversity process, or to name a potentially reformed existing fund to play that role.

One achievement in Cali was the creation of a new fund to share profits from digitally sequenced genetic data from plants and animals with the communities they come from.

The fund, officially launched on Tuesday, is designed for large firms to contribute a portion of their income from developing things like medicine and cosmetics using this data.

Delegates in Cali also approved the creation of a permanent body to represent the interests of Indigenous people.

Source Link

You may also like

Leave a Comment

This website uses cookies. By continuing to use this site, you accept our use of cookies.