MONTREAL, 15 December 2022, (TON): The thorny issue of how much money wealthy countries are willing to pony up to protect the world’s remaining biodiversity took center stage at UN talks in Montreal aimed at creating a peace pact with nature.
At stake is the future of the planet and whether humanity can roll back habitat destruction, pollution, and the climate crisis that are driving the sixth mass extinction of plant and animal species.
UN spokesman David Ainsworth said “negotiators worked late into the night Tuesday, but “the atmosphere deteriorated when the group started discussing concepts, in particular the global biodiversity fund proposal.”
The GBF is a new financial instrument sought by low-income nations to help them, for example, establish marine or terrestrial protected areas and implement biodiversity action plans.
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