Germany pledges €1.5 billion for international biodiversity conservation Posted by David Henning on 28 September 2022 Biodiversity forms the web of life that we all depend on. But the planet is in crisis, with up to one million species facing extinction. In a meeting leading up to the UN Biodiversity Summit in Montreal in December, Germany announced that it would pledge €1.5 billion for international biodiversity conservation, the largest national pledge yet to save nature. Over half of the global GDP is dependent on nature, according to the UN. But this is only what they are able to quantify. A major issue at the COP26 in Glasgow last year was developing nations failing to receive the US$100 billion in annual climate aid that was pledged in 2010, where developed nations have contributed the most to carbon emissions. Many conservationists welcomed the additional funding but warned that wealthy countries need to reach deeper into their pockets, saying estimates suggest that an additional US$700 billion is needed annually to protect the environment. Head of global advocacy at WWF, Claire Blanchard, told Nature that this extra funding is “highly significant”, sending a strong message to other affluent countries that they need to step up. Funding is needed to ensure the UN’s 30×30 goal is realised, which aims to protect 30% of the world’s natural habitats by 2030. Picture: Unsplash ALSO READ: A quintet of the Cape’s finest nature reserves Related Posts Cape Town’s sustainability: Leading the way in environmental initiatives 1 June 2023 As National Environmental Month commences in South Africa, Cape Town stands proudly at the forefront... read more Kapama to host Safari Guide of the Year Awards 2023 1 June 2023 Kapama Private Game Reserve near Hoedspruit will host this year’s Safari Guide of the Year... read more Blood Lions relaunches for public viewing on YouTube 1 June 2023 Award-winning documentary feature film Blood Lions has been relaunched on YouTube for public viewing, creating... read more PREV ARTICLE NEXT ARTICLE
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