At COP16, UN chief seeks ‘significant investment’ to protect Earth’s biodiversity as only RM1b collected so far

At COP16, UN chief seeks ‘significant investment’ to protect Earth’s biodiversity as only RM1b collected so far
At COP16, UN chief seeks ‘significant investment’ to protect Earth’s biodiversity as only RM1b collected so far

Hello and welcome to the details of At COP16, UN chief seeks ‘significant investment’ to protect Earth’s biodiversity as only RM1b collected so far and now with the details

Nevin Al Sukari - Sana'a - Indigenous artists perform during the opening ceremony of the COP16 summit in Cali, Colombia on October 20, 2024. — AFP pic

CALI (Colombia), Oct 21 — UN chief Antonio Guterres yesterday urged “significant investment” in a fund created to safeguard Earth’s biodiversity as he addressed delegates to the world’s biggest nature protection conference in Cali, Colombia.

The meeting, which officially opens Monday, had a ceremonial kickoff with Cali on high alert after threats from a guerrilla group.

Guterres made a video address to guests gathered for the event taking place under the protection of thousands of Colombian police and soldiers, aided by UN and US security personnel.

“We must leave Cali with significant investment in the Global Biodiversity Framework Fund (GBFF), and commitments to mobilise other sources of public and private finance,” the secretary general said.

The GBFF was created last year to help countries achieve the goals of the so-called Kunming-Montreal Global Biodiversity Framework (GBF) adopted in Canada in 2022 with 23 targets to “halt and reverse” the loss of nature by 2030.

So far, countries have made about US$250 million (RM1 billion) in commitments to the fund, according to agencies monitoring progress.

The fund is part of a broader agreement made in Montreal two years ago for countries to mobilise at least US$200 billion per year by 2030 for biodiversity, including US$20 billion per year by 2025 from rich nations to help the developing world.

Guterres highlighted that destroying nature increases conflict, hunger and disease, fuels poverty and slashes GDP.

“A collapse in nature’s services — such as pollination, and clean water — would see the global economy lose trillions of dollars a year, with the poorest hardest hit,” he said.

Avoiding such a future would entail countries “honouring promises on finance and accelerating support to developing countries,” said Guterres.

“Those profiting from nature must contribute to its protection and restoration,” he added.

‘Peace with nature’

About 12,000 delegates from nearly 200 countries, including 140 government ministers and a dozen heads of state were due to attend the 16th Conference of the Parties (COP16) to the UN Convention on Biological Diversity (CBD), running until November 1.

Themed “Peace with Nature,” it has the urgent task of coming up with monitoring and funding mechanisms to ensure the 23 UN targets can be met.

But Colombia’s EMC rebel group, a splinter of the FARC guerrilla army that disbanded in 2017, has cast a shadow over the event by urging foreign delegations to stay away and warning the conference “will fail.”

The threat came after EMC fighters were targeted in a military raid in the southwest Cauca department, where the group is accused of engaging in drug trafficking and illegal mining.

Cali is the nearest big city to territory controlled by the EMC, which has been engaged in fraught peace negotiations with the government.

Colombian President Gustavo Petro also attended Sunday’s ceremonial event, two days after saying he was “nervous” about security.

Cali’s mayor Alejandro Eder insisted, however, that “we have been working since February to safeguard the city of Cali... We have more than 10,000 police officers, we also have detachments of the Colombian Armed Forces guarding the entire perimeter of the city. We have air protection, protection against drones.”

Time running out

The delegates have their work cut out for them, with just five years left to achieve the target of placing 30 per cent of land and sea areas under protection by 2030.

World-renowned British primate expert Jane Goodall warned ahead of the summit there was little time to reverse the downward slide.

“The time for words and false promises is past if we want to save the planet,” Goodall told AFP this week.

According to the International Union for Conservation of Nature (IUCN), which keeps a red list of threatened animals and plants, more than a quarter of assessed species — about a million altogether — are threatened with extinction.

Host Colombia is one of the most biodiverse countries in the world, and Petro has made environmental protection a priority.

But the country has struggled to extricate itself from six decades of armed conflict between leftist guerrillas such as the EMC, right-wing paramilitaries, drug gangs, and the state. — AFP

These were the details of the news At COP16, UN chief seeks ‘significant investment’ to protect Earth’s biodiversity as only RM1b collected so far for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Novo Nordisk says its experimental drug CagriSema has similar side effects to Wegovy
NEXT Don deal: Markets rally as Harris concedes to Trump, pledges to keep fighting in defiant speech 

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]