Draft at COP15: Rich countries should invest billions annually for biodiversity

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The announcement came on Sunday from the UN meeting on biodiversity in Montreal, Canada, where Romina Pourmokhtari (L) is one of hundreds of environment ministers participating in the negotiations.

According to the draft, rich countries must increase their contribution to poorer countries to 20 billion dollars a year in 2025, to then raise it further to 30 billion dollars (corresponding to roughly 312 billion kroner) per year in 2030, reports the AFP news agency.

According to the draft, the countries must also commit to the goal that at least 30 percent of the planet’s surface must be protected by 2030.

Rich countries’ current support is estimated at around $10 billion a year, according to AFP.

Must agree on framework for biodiversity

The aim of the diversity meeting is for the countries to agree on a new framework for biodiversity – to save the earth’s ecosystem – with targets and a plan for how these are to be financed and followed up.

A large number of recipient countries, including Brazil, India, Indonesia and many African countries, have previously called for aid equivalent to $100 billion annually until 2030.

For the draft agreement to become a reality, it must be signed by the countries that stand behind the UN Convention on Biological Diversity, which is all the world’s countries except the United States, which is still at the meeting.

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