Countries launch fund to protect nature, UN calls for more money
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The world’s least developed countries and small island states will take priority and receive more than a third of the funds.
PHOTO: AFP
NEW YORK – Environmental leaders from 185 countries gathered in Vancouver, Canada, on Thursday to launch a fund to support global conservation, and the United Nations called for contributions to help meet goals including protection of 30 per cent of land and coastal areas by 2030.
Canada said it would put in C$200 million (S$200 million) and Britain contributed £10 million (S$17.1 million).
“We are off to a good start. We now call for further pledges from countries and from other sources so that the first projects under the new fund can be launched next year,” said Mr David Cooper, acting executive secretary of the United Nations Convention on Biological Diversity.
Campaign group Avaaz said the Global Biodiversity Framework Fund needed US$200 million (S$271 million) from at least three donors by December to be considered operational.
“The time for half-measures has passed,” Avaaz director Oscar Soria said. “Surely donors can come up with the paltry US$40 million” needed to get the fund up and running.
The meeting comes eight months after governments agreed on the Kunming-Montreal Global Biodiversity Framework – what some have called the “Paris Agreement for Nature”, invoking the landmark 2015 United Nations pact to tackle climate change.
One of the framework’s 23 targets is to help mobilise public and private sector players to funnel US$200 billion per year to conservation initiatives by 2030, with developed countries contributing at least US$20 billion a year by 2025.
The fund launched on Thursday is managed within the Global Environment Facility (GEF) – a mechanism established under the UN Convention on Biological Diversity and the UN Framework Convention on Climate Change – has provided more than US$23 billion to thousands of projects in the past 30 years.
The world’s least developed countries and small island states will take priority and receive more than a third of the funds, with a target for as much as 20 per cent to go to projects led by indigenous people, the GEF said in a statement. REUTERS
