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World pledges more money to protect biodiversity

Published on Oct 20, 2012 6:28 AM
Indian Minister of Environment and Forests, Jayanthi Natrajan (centre), Convention of Biological Diversity Executive Secretary, Braulio Ferreira de Souza (left), and Vice Minister for the Ministry of Environment for the Republic of Korea,Yoon Jong Soo shakes hands during the ceremonial launch of the COP-12 hosted by Korea at The Hyderabad International Convention Centre (HICC), for Convention on Biodiversity (CBD) in Hyderabad on Oct 19, 2012. -- PHOTO: AFP

HYDERABAD, India (AFP) - Efforts to reverse the worrying loss of Earth's dwindling natural resources received a substantial boost on Saturday when a United Nations (UN) conference in Hyderabad agreed to double biodiversity aid to poor countries.

Governments reached an early-morning deal after long nights of tough bargaining in Hyderabad, south India, that once again saw battle lines drawn between developing and affluent states.

In a week that saw 400 plants and animals added to a "Red List" of species at risk of extinction, negotiators clashed over the extent and timing of additional aid required to halt the decline in species and habitats that humans depend on for food, shelter and livelihoods.

In the end, they agreed to double biodiversity-related funding to developing countries by 2015, from a baseline of average annual aid in the period 2006-2010 - and to maintain this level until 2020.

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