The U.N itself has made it clear that “governments alone cannot solve the climate and biodiversity crisis,” meaning much more work must be done in order to achieve COP15’s goals and ensure that further climate goals, such as reaching net-zero by 2050, are reachable.
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It took a lot for participating countries to reach this point. The Guardian notes that it’s been 12 years since prior agreements were reached and it took four years of negotiations to reach this current point with the Kunming-Montreal Biodiversity Framework. Within this latest framework, global north countries agreed to contribute a total of $30 billion annually by 2030 for conservation that would go to poorer countries. Such contributions are ambitious and, as the New York Times notes, unfortunately not legally binding.
The topic of who pays for what when it comes to climate concerns also factored heavily into the U.N.’s prior conference COP27 in Egypt. Loss and damages ultimately were included in the agreement adopted last month, with a pledge to establish a fund supporting countries who generate the fewest emissions but frequently find themselves bearing the burden of climate-worsened disasters.
For the Kunming-Montreal Biodiversity Framework, the U.N. requests its Executive Secretary “to conduct a strategic review and analysis of the programs [in the agreement].” Accountability in the form of analysis and draft updates will be frequent leading into COP16 next year.
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