Summary:
A historic deal for nature has been agreed at the United Nations (UN) biodiversity conference in Montreal, Canada. The Kunming-Montreal Agreement, signed by nearly 200 countries on Monday, is the most significant effort to date to protect the world’s land and oceans and provide finance for the prevention of biodiversity loss in the developing world. The deal includes a pledge to protect 30% of nature by 2030, a target referred to as the “30×30” commitment, which is one of the largest land and ocean conservation pledges in history. The pact also includes a commitment to reform $500bn of environmentally damaging subsidies and to provide $30bn per year by 2030 for conservation in the developing world, as well as protection for Indigenous peoples’ rights. The agreement is not legally binding, but countries will be required to demonstrate progress on meeting targets through national biodiversity plans.
Read more at: https://www.euronews.com/green/2022/12/19/nations-agree-landmark-deal-for-biodiversity-at-cop15-what-does-it-mean-for-nature