Negotiators at a U.N. summit to protect nature were closing in on a new global deal on Sunday that could see 30% of the world's land and seas protected by 2030, with hundreds of billions of dollars directed toward conserving wild places and species.
on Sunday morning that ministers welcomed, with some reservations.
The draft, based on the last two weeks of talks, sets a crucial financial target of $200 billion per year for conservation initiatives, though it demands less from wealthy countries than some developing states had wanted.informally known as 30-by-30"We were surprised that is actually capturing most of the things we want to go for," a delegate from a European country told Reuters.
Ministers and government officials from nearly 200 countries need to come to a consensus on 23 proposed targets by midnight on Monday .While optimistic, environmental campaigners worry the technical wording of the 30-by-30 target might not adequately address ocean conservation. "The target should split land and sea to make sure 30% applies to them respectively," said Li Shuo, senior global policy advisor at Greenpeace East Asia.The draft recommends allocating $200 billion per year from all sources, including the public and private sectors, for conservation initiatives - a target seen as critical for the successful implementation of any deal.
The draft also notes that the money could come voluntarily from any country - a nod to developed nations' desire that countries with large economies, such as China, also contribute funds.Asked whether China should be considered a developing country, as still defined by the World Bank, he said, "I think we should not stick to 1992 descriptions but see the reality on the ground, and it's very different from 1992.
Other proposals include directing policymakers to "encourage and enable" businesses to monitor, assess and disclose how they affect and are affected by biodiversity, but not making these processes mandatory.
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