MONTREAL — A global agreement to protect a significant percentage of the world’s lands and waters will be reached by the time the COP15 nature convention ends…
Guilbeault spoke on the second to last official day of the conference, as negotiators in Montreal pored over the draft of an agreement that would also include mobilizing hundreds of billions of dollars to fund the pledges.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Guilbeault told reporters that while some countries were still seeking adjustments to the agreement on Sunday afternoon, many have voiced their support for the text as it stands. The agreement proposes to have developed countries commit to providing developing countries at least US$20 billion per year by 2025, and $30 billion per year by 2030.
Virginijus Sinkevicus, environment commissioner at the European Commission, said the text represents a “compromise” and a “solid document on which we can work.” But the draft suggests the fund could be a dedicated entity within the existing Global Environment Fund preferred by Europe and G7 countries, including Canada.
He particularly praised the text’s inclusion of Indigenous rights, which he said could herald “the start of a new era of conservation in which Indigenous people’s rights and leadership are included.”
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