MONTREAL - Chinese President Xi Jinping urged the world to take action on preventing nature loss in a video message to ministers from more than 120 countries assembled in Montreal for the United Nations biodiversity summit, of which China holds the presidency.
The Mexican negotiating party in a Tuesday evening meeting promised a bottle of tequila to delegates for each item resolved in a draft target. “Without financial resources commensurate with the level of ambition of the goals and targets in the framework, it will not be possible to implement,” the Brazilian letter read.in their territories. Experts say around US$700 billion per year is needed for nature.“There will be no funding if we don’t have an ambition level,” Norway’s climate and environment minister Espen Barth Eide told Reuters.
He called for support for developing countries and coordination of efforts to address climate change, biodiversity loss and other global challenges.
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