Montreal, 20 December 2022 (TDI): The delegations at UN Biodiversity Conference (COP15) concluded the conference with the Global Biodiversity Framework.
The participants of the conference signed the agreement on Monday to approve a historic plan to prevent and reverse biodiversity loss by 2030.
Kunming-Montreal Global Biodiversity Framework
The Kunming-Montreal Global Biodiversity Framework (GBF) aims to stop biodiversity loss and put the globe on a recovery path. It outlines 23 specific “action targets” to be accomplished by 2030 in three categories.
These include biodiversity protection, sustainable use, and fair and equitable benefit-sharing of genetic resources, along with four long-term biodiversity goals for the year 2050.
The agreement’s most important provision is its pledge to safeguard 30% of Earth’s land and water areas as protected areas by 2030. Currently, just 10% of marine and 17% of terrestrial areas are protected.
Furthermore, The framework also mentions Synergistic conservation in relation to biodiversity preservation, climate change mitigation, and adaptation.
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The deal calls for generating $200 billion for biodiversity by 2030 from a variety of sources. It also aims to eliminate or reform subsidies that might produce an additional $500 billion for the environment.
In addition, it proposes raising the amount to at least $20 billion annually, with at least half of that amount going to poor nations by 2025 and the remaining half by 2030.
To put the GBF into effect, nations have approved a number of associated accords. These comprise planning, monitoring, reporting, and review, all of which are essential to guaranteeing development.
About COP15
The fifteenth Conference of Parties (COP15) started on 7th December and ended on 19th December in Montreal. Representatives from 188 governments joined the two weeks summit.
Canada hosted this summit under the presidency of China. At COP15 the meetings were about three international conventions.
These include the Convention on Biological Diversity (CBD) and its two subsidiary protocols, the Cartagena Protocol on Biosafety and the Nagoya Protocol on Access to Genetic Resources and Fair and Equitable Benefit Sharing.
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