Canadian officials this Friday announced an expansion of its budget for international aid to try to restart COP15 negotiations on biodiversity in Montreal.
Canada announced an extension of its international aid on Friday, a fresh signal sent to developing countries to try to achieve a “peace deal with nature” embroiled in difficult negotiations at COP15 in Montreal.
Ottawa is “announcing an additional C$255 million in funding to support initiatives that help developing countries protect nature and improve climate resilience,” said Environment Canada’s Steven Guilbault. The funding brings Canada’s international contribution to biodiversity to C$1.5 billion, the minister said.
The announcement comes as environment ministers from around the world meet in Montreal to try to resolve the negotiations. Getting an agreement depends on progress in discussions on financial assistance for developing countries to meet twenty ambitious environmental goals under discussion by 2030, including protecting 30% of the world’s land and seas.
Brazil has 100 billion from its partners rich countries
Summit heavyweight Brazil is demanding — along with India, Indonesia and African countries, among others — at least “$100 billion a year” in subsidies from rich countries. That’s ten times more biodiversity walking from north to south. 100 billion was promised for the fight against global warming, but not fully paid.
When the ministers arrived on Thursday, they recalled that a dozen developed countries, mainly European countries, along with Japan and Australia in particular, had made good on their promises to double their aid or were prepared to do so, as well as to support increased financial flows. South. The signal was welcomed by NGOs attending the Montreal summit, whose diplomatic ramifications are yet to be felt in the negotiations, which must be concluded by Monday, December 19.
A deal on biodiversity should be sealed, similar to the 2015 Paris Agreement on climate. Because time is running out: 70% of the world’s ecosystems are degraded, largely due to human activity, and more than a million species are threatened. Destruction on the planet, etc. Beyond the moral implications, the entire world’s prosperity is at stake, experts say: More than half of the world’s GDP depends on nature and its services.