At COP15, a meeting focused on biodiversity, the convening countries agreed to a plan to protect 30% of land and water by 2030
he threat of a mass extinction of plant and animal species led 195 nations early Monday to agree to protect and restore at least 30% of the Earth’s land and water by 2030.
Canada’s environment minister Steven Guilbeault, who was hosting the conference, compared the deal to the UN’s landmark Paris agreement, in which countries committed to keep global temperature increase below 2 degrees Celsius and ideally closer to 1.5C. . The bulk of that funding is assumed to come from countries’ domestic spending on nature protection — a flexible descriptor that might include funds for national parks or agriculture, philanthropy and private capital.
China, the second largest economy, has held the presidency of the talks since the previous round four years ago. Hundreds of individuals from investment institutions, banks and businesses registered to attend the event, and played an unusually outsized but background role in the lead-up to COP15.
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