Climate Politics
COP15 Adopts Biodiversity Plan to Protect 30% of Land and Water by 2030
- United Nations biodiversity summit in Montreal announces pact
- Rich nations vow $30 billion/year by 2030 to fight nature loss
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The threat of a mass extinction of plant and animal species led 195 nations early Monday to agree to protect and restore at least 30% of the Earth’s land and water by 2030.
Wealthier nations committed to pay an estimated $30 billion a year by 2030 to poorer nations, in part through a new biodiversity fund that will be created under the Global Environment Facility, a 30-year-old organization that supports environmental work. The agreement was reached following two weeks of negotiations at the COP15 United Nations Biodiversity Conference in Montreal, where arguments over funding temporarily paused talks at one point.