👉 The 15th Conference of Parties (COP15) to the UN Convention on Biological Diversity (CBD) adopted the Kunming-Montreal Global Biodiversity Framework (GBF).
👉The framework has 23 targets that the world needs to achieve by 2030.
👉 The targets are ambitious, considering that biodiversity is in a poor state.o In 2020, the world failed to meet the last set of targets, the Aichi Targets.
👉 Countries would need to ensure success this time around.
👉 Delegates were able to build consensus around the deal’s most ambitious target of protecting 30% of the world’s land and seas by the decade’s end, a goal known as 30-by-30.
👉 The deal also directs countries to allocate $200 billion per year for biodiversity initiatives from both the public and private sectors.
👉 The Global Environment Facility has been requested to establish a Special Trust Fund to support the implementation of the Global Biodiversity Framework (“GBF Fund”).
👉This is to ensure successful implementation