Montreal: An agreement was signed by nations in Montreal to prevent and reverse the damage to nature by 2030 at the COP15 UN biodiversity summit in Montreal, Canada.
The announcement made on Monday said that the countries gathered at this biodiversity summit have agreed to four targets. The goals include Sustainable use of biodiversity and saving 30 percent of the world’s land, water and marine areas by 2030.
It was also decided to receive at least $200 billion in domestic and international biodiversity funding every year from public and private sources.
It also pledged to reduce harmful subsidies to nature by at least $500 billion by 2030, while it was also said that developed countries should enter into an agreement to provide $20 billion a year to developing countries by 2025 and $30 billion by 2030.
Canada’s Minister for Environment and Climate Change Steven Guilbeault said some countries are still asking for more goals, while many other countries on the south side are asking for more funds.
Prime Minister Justin Trudeau hailed the deal and said, “That’s what negotiators, leaders, and activists are calling the deal the world has reached in Montreal on protecting nature. Canada stepped up as host location for these COP15 negotiations – and drove an ambitious deal – because we knew how much this mattered.”
Earlier, UN Secretary General Antonio Guterres said, “We are finally starting to forge a peace pact with nature.”