The EU signed the historic Kunming-Montreal Global Biodiversity Framework alongside 195 other nations today at the UN Biodiversity conference COP15 in Montréal, Canada. This framework includes global objectives and targets designed to save and restore the environment for present and future generations, assure its sustainable exploitation, and encourage financial support for a green global economy. By 2050, it will pave the path for a future that is resilient, nature-friendly, and climate neutral according to the Paris Climate Agreement.
The agreement is a strong framework with precise, quantifiable goals and targets, thorough monitoring, reporting, and review systems, and a substantial resource mobilisation package to track progress.
Ecosystem services are a major component of the global GDP. 70% of the most vulnerable people in the world are directly dependent on wild animals. By 2030, the Kunming-Montreal agreement will mobilise $200 billion in funding for biodiversity from all sources and speed up ambitious initiatives around the world. It pledges the world community to taking steps, like those in the European Green Deal, to clean up pollution and safeguard and restore nature. This will guarantee that nature continues to support economies, communities, and society for many years to come.
