| 
                
                  | 
                  Related Article |  
                  | 
              
              
              Cheers for Africa, jeers for Canada at biodiversity conferenceI 
              The African 
              Union got the thumbs up for their pro-active role in biodiversity 
              conservation at the ongoing UN biodiversity conference and was 
              selected for the "Busy Bee Award" 2012 while Canada was slammed 
              and given the "Dodo Award" for contributing to biodiversity loss.  » |  
              Hyderabad: In a major 
              breakthrough at the United Nations' conference on biological 
              diversity, which concluded here early Saturday, the developed 
              countries agreed to double funding by 2015 to protect the planet's 
              animal and plant species.
 After marathon discussions that continued well past midnight, the 
              11th meeting of the Conference of the Parties (COP11) to the 
              United Nations Convention on Biological Diversity (CBD) reached an 
              agreement to increase funding in support of actions to halt the 
              rate of loss of biodiversity.
 
 "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 2011-2020," said a release from the CBD secretariat.
 
 Braulio Ferreira de Souza Dias, executive secretary of the CBD, 
              said: "These results, coming in a period of economic crisis, 
              demonstrate that the world is committed to implementing the CBD."
 
 Using a baseline figure of the average annual national spending on 
              biodiversity between 2006 and 2010, developed countries said they 
              would double biodiversity-related international financial flows by 
              2015.
 
 According to sources, this means $12 billion would be available 
              every year for biodiversity conservation as against the average $6 
              billion per annum earmarked between 2006 and 2010.
 
 The observers say the summit succeeded in evolving a consensus 
              despite the reluctance of developed countries to commit additional 
              funding in view of the economic slowdown.
 
 However, the task on hand is still huge with India-UK High Level 
              Panel chaired by environmental economist Pavan Sukhdev, estimating 
              that $150 billion to $440 billion per annum is required to meet 
              the targets.
 
 Resource mobilisation to achieve biodiversity targets by 2020 and 
              implement the strategic plan, was the most contentious issue at 
              the two-week conference, attended by over 14,000 delegates from 
              193 countries.
 
 The working group on resource mobilisation met several times since 
              Friday evening to iron out differences between the developing and 
              developed countries.
 
 India, as the chair of the summit, played a key role in ending the 
              logjam over resource mobilisation by proposing a middle path.
 
 Supported by G-77 and China, India called upon parties to reach an 
              agreement and to avoid a collective failure to advance the cause 
              of biodiversity conservation.
 
 "The present economic crisis should not deter the world, but on 
              the contrary, encourage investment towards amelioration of the 
              natural capital for ensuring uninterrupted ecosystem services, on 
              which all life on earth depends," said Environment Minister 
              Jayanthi Natarajan.
 
 COP10 at Nagoya, Japan in 2010 had set 20 biodiversity targets 
              known as Aichi targets to turn back biodiversity decline by 2020.
 
 The targets include halving the rate of habitat loss, preventing 
              the extinction of species on the threatened list, expanding water 
              and land areas under conservation and restoring at least 15 
              percent of degraded ecosystems.
 
 But the plan was stuck due to lack of money for conservation.
 
 The COP also set targets to increase the number of countries that 
              have included biodiversity in their national development plans and 
              agreed to prepare national financial plans for biodiversity by 
              2015.
 
 "All parties agreed to substantially increase domestic 
              expenditures for biodiversity protection over the same period," 
              said the CBD statement.
 
 For the first time, developing countries at COP 11, including 
              India and several African countries, pledged additional funds 
              above and beyond their core funding towards the work of the CBD.
 
 The meet also decided to pay special attention to 
              biodiversity-rich marine areas. The Sargasso Sea, the Tonga 
              archipelago and key coral sites off the coast of Brazil are among 
              a range of marine areas to receive special attention from 
              governments.
 
 Other key decisions at the conference included new measures to 
              factor biodiversity into environmental impact assessments linked 
              to infrastructure and other development projects in marine and 
              coastal areas.
 
 
 
 
 
              
 
 
 
                |