Negotiators at a UN summit to protect nature were closing in on a new global deal on Sunday that could see 30% of the world's land and seas protected by 2030, with hundreds of billions of dollars directed toward conserving wild places and species.
MONTREAL — Negotiators at a United Nations summit to protect nature were closing in on a new global deal on Sunday that could see 30% of the world’s land and seas protected by 2030, with hundreds of billions of dollars directed toward conserving wild places and species.
The draft, based on the last two weeks of talks, sets a crucial financial target of $200 billion per year for conservation initiatives, though it demands less from wealthy countries than some developing states had wanted. European Union Commissioner Virginijus Sinkevicius told reporters during a break that negotiators were “on the right track to finalize” a deal, but he highlighted shortcomings on numerical targets and expressed concern about an increase in funding from developed countries.
“The target should split land and sea to make sure 30% applies to them respectively,” said Li Shuo, senior global policy advisor at Greenpeace East Asia.The draft recommends allocating $200 billion per year from all sources, including the public and private sectors, for conservation initiatives — a target seen as critical for the successful implementation of any deal.
One of the greatest points of contention among delegates has been whether a new fund should be established for that money, improving on an existing structure. On Wednesday morning, developing country negotiators walked out of a financing meeting in protest. The draft deal does not mention setting up a separate facility.
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Ministers near global deal at landmark U.N. nature talksNegotiators at a U.N. summit to protect nature were closing in on a new global deal that could see 30% of the world’s land and seas protected by 2030, with hundreds of billions of dollars directed toward conserving wild places and species. | Reuters
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