A draft UN deal to save nature calls on rich countries to increase financial aid to developing countries to $20 billion annually by 2025, rising to $30 billion per year by 2030
A draft UN deal to save nature has called on rich countries to increase financial aid to developing countries to $20 billion annually by 2025, rising to $30 billion per year by 2030, documents showed.
The compromise text, brokered by China which is presiding over a summit called COP15 in Montreal, was quickly welcomed by conservationists, though it still needs to be agreed upon by the 196 signatories to the Convention on Biological Diversity before it is finalised. "China will now need to defend the ambition contained in this document, bringing any hesitant Parties on board with the overwhelming global consensus that biodiversity loss is an urgent crisis that needs immediate action."More immediate action required
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