COP15: Historic Agreement on a new Global Biodiversity FrameworkReading time : < 1 minute
As the Montreal 15th Convention of the Parties on Biodiversity closed on 19 December 2022, a historic agreement was reached to protect 30% of the planet and to restore 30% of degraded ecosystems by 2030.
This text should send a strong signal to guide global action on biodiversity and protection of our environment. As our planet is experiencing the largest loss of biodiversity since the great extinction that wiped out the dinosaurs, at least 1 Million species are threatened with extinction. To fight this existential crisis, the new Montreal agreement makes way to the protection of a substantial part of the planet’s surface to prevent further degradation of the environment.
This Global Biodiversity Framework is based on four main goals :
- Halting human-induced extinction og threatened species and reducing the pace of the extinction of all species by 10 times by 2050;
- Documenting broadly the genetic resources of life on Earth and sharing this information in a fair manner;
- Using and managing biodiversity so that natural services are maintained and enhanced for the benefits of all.
- Helping, even financially, all Parties to implement the GBF efficiently, particularly the least developed countries.
Those four main goals will be implemented through 23 keyed objectives such as
- the aforementioned protection of 30% of Earth’s surface and restoration of degraded ecosystems;
- Reducing to near zero the loss of areas of high ecological integrity;
- Halving global food waste;
- $200 billion to be used per year from public and private sources to fund biodiversity preservation initiatives;
- Monitoring and assessing risks and impacts on biodiversity of big companies.
Plus, the Parties will set up a special trust fund, the GBF Fund, to implement these goals and regulate the use of funds dedicated to their accomplishment.