Top Posts
Death toll from Mokwa flood rises to 153
Scientists say nearly 40% of the world’s glaciers...
Nigerian government seeks alignment of NDC climate action...
German court dismisses climate case against RWE
WHO Climate Change action plan approved
Report: World likely to breach 1.5°C limit in...
At Bonn climate talks, Brazil demands early deals...
Researchers warn Africa could face 113 million climate...
LAPO MfB launches tree-planting initiative to fight climate...
Stiell says new NDCs are about growth, antidote...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Countries move to protect land, water by 2030

by admineconai December 19, 2022
written by admineconai December 19, 2022
509

At least 195 nations have reached an agreement to protect and restore at least 30% of the Earth’s land and water by 2030, following the threat of a mass extinction of plant and animal species.

Rich nations, in the early hours of Monday, December 19, committed to pay an estimated $30 billion a year by 2030 to poorer nations through a new biodiversity fund that will be created under the Global Environment Facility, a 30-year-old organization that supports environmental work.

According to reports, the agreement was reached following two weeks of negotiations at the COP15 United Nations Biodiversity Conference in Montreal, where arguments over funding temporarily paused talks at one point.

Countries agreed to fair and equitable benefit-sharing from the utilization of digital sequence information on genetic resources – which involves using genes in living organisms to create new products.

“After four years of work, we have now reached the end of our journey,” said COP15’s president Huang Runqiu, adding the framework will guide countries to stop biodiversity loss.

Canada’s environment minister Steven Guilbeault, who was hosting the conference, compared the deal to the UN’s landmark Paris agreement, in which countries committed to keeping global temperature increase below 2 degrees Celsius and ideally closer to 1.5C.

“It is truly a moment that will mark history as Paris did for climate,” Guilbeault told reporters on Monday.

The commitment over international flows is believed to be part of a broader move aimed to invest at least $200 billion annually. The bulk of that funding is assumed to come from countries’ domestic spending on nature protection — a flexible descriptor that might include funds for national parks or agriculture, philanthropy and private capital.

“There is no deal strong on ambition without money,” said Norway’s climate and environment minister, Espen Barth Eide, in an interview. “Neither is there a deal that is strong on money without ambition because the donors simply won’t pay without ambition. So, in a sense, it’s a trade-off.”

The second-largest economy, China has held the presidency of the talks since the previous round four years ago. Hundreds of individuals from investment institutions, banks and businesses registered to attend the event and played an unusually outsized but background role in the lead-up to COP15.

Story was adapted from Time.

AgrementCountriesLandProtectionWater
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
UK lagging ‘way behind’ EU on warmer homes policy
next post
Climate change: Sea level rises in South Korea

Related Posts

Scientists say nearly 40% of the world’s glaciers...

June 3, 2025

German court dismisses climate case against RWE

May 28, 2025

WHO Climate Change action plan approved

May 28, 2025

Report: World likely to breach 1.5°C limit in...

May 28, 2025

At Bonn climate talks, Brazil demands early deals...

May 23, 2025

Guterres raises alarm over rapid Himalayan glacier melt

May 17, 2025

Study shows two-thirds of global warming caused by...

May 8, 2025

Weather expert warns climate change to hit agriculture...

May 5, 2025

Trump dismisses authors of major climate report

April 30, 2025

New UN report shows Indigenous Peoples sidelined in...

April 25, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World