Earth News from TerraDaily.com
Biodiversity fund gets boost at COP16
Cali, Colombia, Oct 29 (AFP) Oct 29, 2024
Eight governments have pledged $163 million to strengthen a fund created to "halt and reverse" nature loss by 2030, it was announced Monday at the COP16 biodiversity summit being held in Colombia.

Austria, Denmark, France, Germany, New Zealand, Norway, the United Kingdom, and the Canadian province of Quebec have announced contributions to the Global Biodiversity Framework Fund (GBFF), according to a statement from the Global Environment Facility (GEF).

The new pledges bring to about $400 million the total amount so far promised to the fund.

The GBFF was set up under an agreement reached in 2022 that gave birth to the Kunming-Montreal Global Biodiversity Framework, with 23 targets to save nature from human destruction.

"The GBFF now has 12 contributors including Canada, Japan, Luxembourg, and Spain," said the statement. Quebec is the first sub-national government to contribute.

The framework committed countries to mobilizing at least $200 billion per year by 2030 for biodiversity, including $20 billion per year by 2025 from rich nations to help developing ones. The GBFF is one part of this funding.

Of the $20 billion goal, $15 billion was reached by 2022, according to the OECD group of developed countries.

COP16 president Susana Muhamad, Colombia's environment minister, told AFP Monday that the GBFF "needs more money."





Space News from SpaceDaily.com
China to launch new crewed mission into space this week
Astronomers detect exoplanet on rare perpendicular path around binary brown dwarfs
China deploys three-satellite system in Earth-Moon retrograde orbit

24/7 Energy News Coverage
China's CATL launches new EV sodium battery
Gunmen attack Chinese-owned power plant site in Chile
UN, Brazil to hold virtual summit Wednesday ahead of COP30

Military Space News, Nuclear Weapons, Missile Defense
Armed Forces Network to reduce radio programs next month
L3Harris boosts US defense with expanded satellite facility in Indiana
Ambitious cross-continental initiative targets breakthroughs in AI space and cyber tech

24/7 News Coverage
NASA balloon embarks on multi-month stratospheric flight from New Zealand
'The voice of god': Filipinos wrestle with death of Pope Francis
Sunscreen and shelter strategies may have shielded early humans from solar radiation


ADVERTISEMENT



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.