Highlighting the need for a new and dedicated mechanism of allocating financial resources for developing countries, Environment Minister Bhupinder Yadav on Sunday said there is a need to bring out an ambitious and realistic Global Biodiversity Framework (GBF).
"India is fully committed to working closely with all parties so that we are all able to bring out an ambitious and realistic GBF," Yadav said at the UN Biodiversity Conference (COP15) in Canada’s Montreal.
India said that developing countries bear most of the burden of implementing targets for the conservation of biodiversity and, therefore, require adequate funds and technology transfer.
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