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COP15: How a lot cash do we have to cease biodiversity loss?



A number of high-income nations have made pledges at COP15 to fund programmes to guard biodiversity however up to now they quantity to a small fraction of what’s wanted


16 December 2022

COP15 delegates negotiating in Montreal, Canada

Picture by IISD/ENB Mike Muzurakis

A gaggle of high-income nations, together with the US, UK and Australia, have pledged to spend greater than $10 billion a yr for programmes to guard biodiversity, successfully doubling the quantity of such funding over the following a number of years. These pledges are essential to the agreements being hammered out on the COP15 biodiversity summit in Canada, however they solely scratch the floor of what’s wanted to halt and reverse biodiversity loss.

It’s unclear how a lot of those pledges signify new spending, says Andrew Deutz …

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