Earth News from TerraDaily.com
Biodiversity fund gets boost at COP16
Cali, Colombia, Oct 29 (AFP) Oct 29, 2024
Eight governments have pledged $163 million to strengthen a fund created to "halt and reverse" nature loss by 2030, it was announced Monday at the COP16 biodiversity summit being held in Colombia.

Austria, Denmark, France, Germany, New Zealand, Norway, the United Kingdom, and the Canadian province of Quebec have announced contributions to the Global Biodiversity Framework Fund (GBFF), according to a statement from the Global Environment Facility (GEF).

The new pledges bring to about $400 million the total amount so far promised to the fund.

The GBFF was set up under an agreement reached in 2022 that gave birth to the Kunming-Montreal Global Biodiversity Framework, with 23 targets to save nature from human destruction.

"The GBFF now has 12 contributors including Canada, Japan, Luxembourg, and Spain," said the statement. Quebec is the first sub-national government to contribute.

The framework committed countries to mobilizing at least $200 billion per year by 2030 for biodiversity, including $20 billion per year by 2025 from rich nations to help developing ones. The GBFF is one part of this funding.

Of the $20 billion goal, $15 billion was reached by 2022, according to the OECD group of developed countries.

COP16 president Susana Muhamad, Colombia's environment minister, told AFP Monday that the GBFF "needs more money."





Space News from SpaceDaily.com
Interstellar raises major Series F funding to expand launch and satellite business
China tests Long March 12B reusable first stage at Jiuquan
Galactic Energy conducts sixth offshore Ceres 1 mission from Yellow Sea platform

24/7 Energy News Coverage
Gold, silver hit records and stocks fall as Trump fans trade fears
Light driven charging turns gold nanorods into nanocapacitors
Coal plant conversion seen boosting China nuclear share to 22 percent by 2060

Military Space News, Nuclear Weapons, Missile Defense
Slingshot to embed AI agent in US Space Force space warfare training
AST SpaceMobile secures role on MDA SHIELD defense architecture
Energy learning algorithm boosts complex UAV swarm tasking

24/7 News Coverage
China's birth rate falls to lowest on record: official data
China bids to host secretariat of new high seas treaty
Protected forests under threat in DRC's lucrative mining belt


ADVERTISEMENT



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.