UN biodiversity talks end in China’s Kunming with new funding pledges

  |  Saturday, October 16th, 2021 |  12:14 pm
       

China, the European Union and Japan were among countries pledging to spend more on slowing down rapid species loss at talks this week in China to prepare for a new global biodiversity pact.

Nearly 3,000 delegates participated in the “COP15” talks that ended on Friday in the southwestern city of Kunming, with almost 2,500 connecting online, the Secretariat of the UN Convention of Biological Diversity (CBD) said in a press release.

Further negotiations will take place in Geneva in January before delegates return to Kunming in April to put the finishing touches to a post-2020 deal aimed at “bending the curve of biodiversity loss”.

Apart from the 1.5 billion yuan ($233.21 million) pledged by Chinese President Xi Jinping as part of a new “Kunming Biodiversity Fund”, the European Union also said it would double funding for biodiversity.

France and Britain also promised to direct more of their climate budgets to protecting biodiversity, and Japan announced a $17 million extension to its own biodiversity fund.

 

Huang Runqiu, China’s environment minister and the president of COP15, said global environmental governance was facing “unprecedented challenges” as the rate of global species extinction accelerates.

UR/