Staff with the environmental organization Climate Action Network inside the talks suggest that no deal will happen unless it’s accompanied by adequate resources
They said in their Tuesday briefing that Brazil and 69 other states have announced their intention to make international financing for biodiversity a condition for the adoption of a global biodiversity framework.
Perez said developing nations are asking for immediate support from developed countries, as well as for the eventual creation of a separate global biodiversity fund. More than that, they want to leave Montreal with a sense that they’re being heard, he said.Negotiators are currently working with the figure of US$200 billion a year. But the text under discussion also includes anotherUS$500 billionthat would be redirected from public subsidies that are currently damaging biodiversity.
“It’s about fixing those elements so that they understand that implementing this global biodiversity framework benefits them and is not going to become a burden,” he said.
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