There were signs Sunday that negotiators were closing in on a deal at a U.N. conference that would protect nature and provide financing to set up protected areas and restore degraded ecosystems.
coupled with habitat loss, pollution and development have hammered the world’s biodiversity, with one estimate in 2019 warning that a million plant and animal species face extinction within decades — a rate of loss 1,000 times greater than expected. Humans use about 50,000 wild species routinely, and 1 out of 5 people of the But they have struggled for nearly two weeks to agree on what that protection looks like and who will pay for it.
The financing has been among the most contentions issues, with delegates from 70 African, South American and Asian countries walking out of negotiations Wednesday. They returned several hours later. Brazil, speaking for developing countries during the week, said in a statement that a new funding mechanism dedicated to biodiversity should be established and that developed countries provide $100 billion annually in financial grants to emerging economies until 2030.
“All the elements are in there for a balance of unhappiness which is the secret to achieving agreement in U.N. bodies,” Pierre du Plessis, a negotiator from Namibia who is helping coordinate the African group, told The Associated Press. “Everyone got a bit of what they wanted, not necessarily everything they wanted. Let's see if there is there is a spirit of unity.
But others were concerned that the draft puts off until 2050 a goal of preventing the extinction of species and preserving the integrity of ecosystems.
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