Biodiversity: Ottawa invests $255 million in developing countries | COP15

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Biodiversity: Ottawa invests $255 million in developing countries | COP15

Ottawa will contribute to four biodiversity protection and climate resilience projects, for a total of $255 million.

The Government of Canada announces additional investments of $255 million for protect biodiversity in developing countries, in addition to helping build climate resilience there.

The new money – in addition to the $350 million announced by Prime Minister Justin Trudeau last week – was unveiled at a COP15 press conference. on the protection of biodiversity, in Montreal, in which participated the Canadian Ministers of Foreign Affairs and the Environment, Mélanie Joly and Steven Guilbeault.

We must unite the world around the ambitious goal of protecting 30% of the world's land and seas by 2030, said the latter, taking up the so-called “30 x 30” roadmap, mentioned at many many times since the beginning of the conference.

Science tells us that this is the minimum for the survival and long-term maintenance of our planet, added Mr. Guilbeault.

The loss of biodiversity, like climate change, knows no borders, added Minister Joly.

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The financial assistance announced by Canada will go mainly – $219 million of the $255 million announced – to the Global Environment Facility (GEF), the funding system intended to carry out actions for the preservation of nature. #x27;environment at the international level.

This new contribution places Canada in seventh position among the countries contributing to the GEF, underlined Minister Guilbeault. Over the past year, Canada has invested $1.5 billion in the GEF.

The UN Convention on Biological Diversity estimates that US$700 billion per year is needed to reverse the decline in biodiversity.

< p class="e-p">Three other projects will benefit from Canada's support, namely the United Nations Development Program Biodiversity Finance Initiative (BIOFIN), the “Forests of Morocco 2020-2030” reforestation strategy and, finally, , feminist climate action initiatives in West Africa.

United Nations Deputy Secretary-General Amina Mohammed, who joined the COP15 discussions on Friday, pointed out that the wealthiest countries had failed to deliver on their funding promises to developing countries in the past and that this had created a “trust deficit” among them.

Earlier this week, dozens of countries, led by Brazil, India, Indonesia and Africa, called in unison for financial grants of at least $100 billion a year, or 1% of global GDP until 2030. To accommodate these sums, the South wants to see the creation of a new global biodiversity fund, something that is being sought after. oppose rich countries, including Canada, favoring the use of already existing funds such as the GEF.

During question period, Ministers Joly and Guilbeault were invited to explain what message Canada was trying to send to developing countries with this new financial assistance.

“The message is : "We hear you", and not only do we hear you, but we want to support your conservation efforts in developing countries.

— Steven Guilbeault, Minister of Environment and Climate Change

While the loss of biodiversity affects us all, the resulting impacts vary from one region to another and Canada recognizes this reality, said Minister Joly.

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