, key stakeholders, yesterday, raised concerns over the $967b needed yearly to reverse biodiversity loss globally.
A variety of plant and animal species, including microorganisms that sustain the balance in the ecosystem, are reportedly under threat. The Executive Director of ISNAD-Africa, Adedoyin Adeleke, stated in the document that while 78 per cent of the world’s biodiversity finance is generated in developed economies, as about 22 per cent is generated in developing economies, COVID-19 and other issues have worsened the funding challenges for the reversal of affected biodiversity.
Adeleke added that it was crucial to improving measurability of outcomes needed by 2030, saying “We recommend that parties refine and complement the milestones provided in the first draft of GBF to ensure they help focus the attention and actions of key decision-makers, stakeholders and sectors on what needs to be achieved by 2030.
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