Dec 19, 2022 - Energy & Environment
Nations reach landmark biodiversity treaty
A United Nations summit yielded a historic global deal on conservation and biodiversity that aims to protect huge swaths of lands and oceans while boosting finance to help meet the targets.
Why it matters: The deal struck in Montreal early Monday came on a parallel track to the higher-profile UN climate talks, but there's connective tissue.
- Climate change is among the greatest threats to biodiversity. And new wilderness protection efforts could stymie some energy and mining projects.
The big picture: The deal is aimed at halting and reversing the ongoing extinction crisis. It is the most far-reaching agreement addressing biodiversity that the world has signed on to.
- Yet here are questions as to whether it goes far enough to halt the destruction of crucial habitats, such as rainforests and ocean-protected areas, and whether it would be enforced by the nearly 200 countries that signed onto it.
Zoom in: Top lines of the deal include:
- Ensuring that 30% of combined lands and waters are "effectively conserved" by 2030, as part of a far-reaching plan known as "30 by 30." About 17% of terrestrial and 10% of marine areas are currently protected, per AP.
- Bringing the loss of areas of "high biodiversity importance" to "close to zero" by 2030.
- Mobilizing at least $200 billion annually from public and private sources to implement biodiversity strategies and plans.
- Boosting finance from developed to developing nations to at least $30 billion annually by 2030.
Yes, but: The targets are non-binding and there's no guarantee they'll be transformed into tangible steps.
Andrew Freedman contributed reporting.