Money is at the heart of globalization to save nature

According to observers, the new money is needed, as well as a return on the money spent on activities such as farming.

According to observers, more money is needed, as well as a return on the money spent on activities such as some farmers need to ruin the environment.

Can man avoid becoming a threat to the ecosystems of the earth and instead of looking at money as a defense?

That question is at the heart of the global talks in Geneva, which will set the stage for a major United Nations COP 15 biodiversity summit in China later this year.

Nearly 200 countries will host a global plan this year to keep the mid -century climate from extinction by man, with a significant 30 percent projected by 2030.

These ideas will only be implemented with a new approach to biodiversity funding and considering the huge amounts of money spent on natural disasters, according to observers.

Contributions to things such as fossil fuels, agriculture and fishing can often result in environmental destruction and encourage unsustainable levels of production and use, say loea.

The exact amount the world spends on these disastrous studies is still being debated, while Business for Nature estimates that it could reach $ 1.8 trillion annually, or two percent of the gross domestic product. the earth.

Money in general is one of the most difficult issues to discuss at the Geneva meeting of the Convention on Biological Diversity (CBD), which runs through Tuesday.

“Raising resources at this conference has become critical,” said Alfred Oteng-Yeboah, a Ghanaian educator, who has played a major role in global efforts to protect biodiversity.

“It’s a fair deal. At the global level, money has always been in trouble.”

No peaches’

The text aims to “rehabilitate, isolate, correct or eliminate malicious agents”, reducing them by about $ 500 billion annually.

It also has the goal of increasing funding from all sources to at least $ 200 billion a year by 2030 and increasing global spending going to developing countries in the United States. less than $ 10 billion annually.

Last year, a study conducted by organizations with The Nature Conservancy and the Paulson Institute found that in 2019, the world spent between $ 124 and $ 143 billion annually on activities that require nature.

But they say the amount needed by 2030 will be up to $ 967 billion annually, which could include a refund for bad loans.

Vinod Mathur, president of the National Biodiversity Authority of India, is calling for $ 100 billion annually in new funding.

“We have to have a lot of money, not just pimples. We have to have more money, or more money at the right time,” he told AFP.

Without it, developing countries say, conservation goals cannot be achieved, a real concern given to a world that has not met its biodiversity goals to date.

“Wealthy countries know there is more work to be done,” said one delegate, as they complained about developing countries’ concerns about how much money they need.

Observers believe that the private sector plays an important role.

Personal responsibility

Last year, Jeff Bezos and Mike Bloomberg of Amazon joined other philanthropists in pledging $ 5 billion by 2030 to restore and preserve biodiversity.

The professional group for Nature is the support of more than a thousand organizations, including conservation groups, requesting an ambitious text.

“Businesses with political reality need to invest quickly, adapt, change their business models,” said Director for Nature Eva Zabey, adding that there are many businesses that are ready to be taken care of. they impact biodiversity.

When it comes to scholarships, governments often prevent them from helping the poor, said Ronald Steenblik, author of the Business for Nature study.

But he said “when you do the evaluation you know that the most fortunate people are the most valuable”.

About 80 percent of fishing aid, for example, goes to professional fishing and not to small -scale fishermen.

But it can be difficult to manage because all sectors of the economy rely on them.

As is customary in international discussions, the issue will only be decided at home, at COP15 in China.


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© 2022 AFP

Directions: Money at the heart of global efforts to save the environment (2022, March 27) Retrieved 27 March 2022 from https://phys.org/news/2022-03-money-heart-international -efforts-nature.html

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