Ottawa announced Friday that it would pony up another $255 million in new funding for nature conservation in developing countries.
Canada opened its wallet again at the United Nations nature summit in Montreal on Friday amid tensions over who should bear the financial burden of a plan to save the planet’s vanishing biodiversity, a conflict that threatens to derail the once-in-a-decade talks.
an international framework to protect nature, including the tug of war between high ambitions and a high price tag. “Canada knows that can’t happen without sufficient resources in every country in the world, as we have heard loud and clear the need for support,” he said. Environmentalists welcomed the new funding, with the Climate Action Network’s Eddy Pérez stating in a release that the pledge is a “strong demonstration of solidarity and a strategic move that cranks up the pressure on countries blocking progress on the finance discussions.”
That tally includes around $1 billion from an existing promise to fund “nature-based climate solutions” in poorer countries.
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