"Developing Nations Halt COP15 Talks After Biodiversity Fund Demand" [1]
"MONTREAL - Delegates from dozens of developing nations walked out of crunch financing talks overnight at the U.N. COP15 biodiversity summit in Montreal, citing a lack of compromise from wealthy countries as negotiations intensify to agree a new global nature pact.
Several sources said representatives of about 70 countries - mostly African states but also including Argentina and Brazil - left the meeting at about 1 a.m. in protest over a perceived lack of progress on funding for nature protection efforts worldwide.
Most of these governments had earlier joined forces at COP15 to call for a new dedicated biodiversity fund, saying that "existing multilateral (funding) sources" are not up to the task of implementing any deal that is struck at the conference.
David Ainsworth, a spokesman for the U.N. Convention on Biological Diversity (CBD) - which is running the summit - confirmed the walkout to journalists on Wednesday morning."
Jack Graham reports for Thomson Reuters Foundation December 14, 2022. [2]
SEE ALSO:
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"Factbox: Biodiversity Finance Options Grow, But Pace Of Investment Still Slow" (Reuters) [4]
"Analysis: Protecting 30% of the Planet To Save Nature Is Not As Simple As It Sounds" (Reuters) [5]
"The World Is Struggling To Figure Out Conservation. First Nations Have Some Ideas." (Grist) [6]
"Rich Nations Oppose New Biodiversity Fund" (AFP) [7]
"The 30 Percent Goal: Is Bigger Always Better for Biodiversity?" (YaleE360) [8]