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Developed countries to double funding for biodiversity

BS Reporter  |  Chennai/ Hyderabad 

Developed countries agreed to double funding to support efforts in developing states towards meeting the internationally-agreed biodiversity targets, and the main goals of the Strategic Plan for Biodiversity (SPB) 2011-2020.

Developing countries also have agreed to increase funding in support of actions to halt the rate of loss of biodiversity at the eleventh meeting of the Conference of the Parties (COP 11) to the United Nations Convention on Biological Diversity (CBD), which ended here on Saturday, CBD secretariat stated in a press release.

“For the first time, developing countries at COP 11, including India and several African states, pledged additional funds above and beyond their core funding towards the work of the CBD,” the press release stated.

According to CBD, other key decisions taken at the COP 11 included new measures to factor biodiversity into environmental impact assessments linked to infrastructure and other development projects in marine and coastal areas.

The 19-day global conference also saw the launch of the 'Hyderabad Call for Biodiversity Champions'. The programme will accept pledges from governments and organisations in support of SPB. The Indian government this week committed $ 50 million as a part of the programme.

“These results, coming in a period of economic crisis, demonstrate that the world is committed to implementing the CBD. We see that governments are moving forward in implementation and seeing biodiversity as an opportunity to be realised more than a problem to be solved,” CBD executive secretary, Braulio Ferreira de Souza Dias, said.

“The present economic crisis should not deter us, but on the contrary encourage us to invest more towards amelioration of the natural capital for ensuring uninterrupted ecosystem services, on which all life on earth depends," minister of environment and forests and president of the COP, Jayanthi Natarajan, stated.

United Nations under-secretary-general and UN Environment Programme executive director, Achim Steiner, said that the CBD in Hyderabad had taken forward the renewed momentum, forged two years ago in Nagoya.

First Published: Mon, October 22 2012. 00:19 IST