Dubai Telegraph - UN chief seeks 'significant' funding at summit to save nature

EUR -
AED 4.308835
AFN 74.49196
ALL 95.752485
AMD 433.698247
ANG 2.100015
AOA 1077.060107
ARS 1634.062666
AUD 1.619899
AWG 2.111883
AZN 1.991476
BAM 1.958911
BBD 2.358165
BDT 143.658162
BGN 1.957131
BHD 0.442705
BIF 3484.13359
BMD 1.173268
BND 1.495075
BOB 8.089849
BRL 5.759602
BSD 1.17087
BTN 111.500038
BWP 15.911271
BYN 3.314593
BYR 22996.060933
BZD 2.35476
CAD 1.595434
CDF 2716.116648
CHF 0.915365
CLF 0.026988
CLP 1062.183556
CNY 8.013834
CNH 8.000259
COP 4358.938548
CRC 532.648236
CUC 1.173268
CUP 31.091613
CVE 110.440404
CZK 24.380163
DJF 208.492911
DKK 7.47298
DOP 69.761094
DZD 155.38575
EGP 63.060593
ERN 17.599026
ETB 184.261902
FJD 2.563476
FKP 0.866879
GBP 0.863766
GEL 3.156259
GGP 0.866879
GHS 13.124845
GIP 0.866879
GMD 85.648623
GNF 10275.319526
GTQ 8.935325
GYD 244.949034
HKD 9.19332
HNL 31.122562
HRK 7.53602
HTG 153.233369
HUF 360.376445
IDR 20420.267455
ILS 3.43574
IMP 0.866879
INR 111.62728
IQD 1536.981624
IRR 1544021.234685
ISK 143.209371
JEP 0.866879
JMD 184.242619
JOD 0.831829
JPY 183.53262
KES 151.589327
KGS 102.567717
KHR 4696.459037
KMF 493.360307
KPW 1055.94532
KRW 1706.712534
KWD 0.361378
KYD 0.975658
KZT 544.048709
LAK 25711.054095
LBP 105065.228965
LKR 374.668251
LRD 214.84305
LSL 19.594087
LTL 3.464356
LVL 0.709699
LYD 7.42786
MAD 10.821086
MDL 20.208268
MGA 4880.796414
MKD 61.7262
MMK 2463.519483
MNT 4198.666619
MOP 9.45069
MRU 46.750649
MUR 54.885322
MVR 18.132862
MWK 2030.224454
MXN 20.305407
MYR 4.635602
MZN 74.97463
NAD 19.594087
NGN 1602.415095
NIO 43.070698
NOK 10.817069
NPR 178.399098
NZD 1.973918
OMR 0.451147
PAB 1.17086
PEN 4.104719
PGK 5.091086
PHP 72.05921
PKR 326.276691
PLN 4.243201
PYG 7094.32786
QAR 4.278502
RON 5.235247
RSD 117.384344
RUB 88.582143
RWF 1711.918913
SAR 4.401895
SBD 9.423995
SCR 16.802622
SDG 704.5479
SEK 10.819729
SGD 1.492673
SHP 0.875963
SLE 28.891716
SLL 24602.847529
SOS 669.162781
SRD 43.970569
STD 24284.28737
STN 24.538973
SVC 10.244358
SYP 129.682209
SZL 19.589779
THB 38.039123
TJS 10.94718
TMT 4.112306
TND 3.390157
TOP 2.824949
TRY 53.075266
TTD 7.936673
TWD 36.97966
TZS 3051.592546
UAH 51.453219
UGX 4420.019989
USD 1.173268
UYU 47.135018
UZS 14108.552463
VES 579.000876
VND 30880.424682
VUV 139.061086
WST 3.186516
XAF 657.000465
XAG 0.015467
XAU 0.000252
XCD 3.170816
XCG 2.110069
XDR 0.817098
XOF 656.445742
XPF 119.331742
YER 279.934303
ZAR 19.371072
ZMK 10560.814925
ZMW 22.099287
ZWL 377.791951
  • CMSC

    0.0099

    22.88

    +0.04%

  • CMSD

    0.0400

    23.29

    +0.17%

  • GSK

    -0.5200

    50.38

    -1.03%

  • BTI

    1.0500

    59.4

    +1.77%

  • NGG

    0.1400

    87.64

    +0.16%

  • RIO

    1.8700

    100.5

    +1.86%

  • BCC

    -2.2000

    72.13

    -3.05%

  • BP

    -0.4400

    46.5

    -0.95%

  • BCE

    0.1700

    24.1

    +0.71%

  • AZN

    -2.2200

    181.24

    -1.22%

  • RBGPF

    0.0800

    63.18

    +0.13%

  • RYCEF

    0.1500

    16.5

    +0.91%

  • RELX

    -0.2000

    36.16

    -0.55%

  • JRI

    0.1100

    13.04

    +0.84%

  • VOD

    -0.3100

    15.74

    -1.97%

UN chief seeks 'significant' funding at summit to save nature
UN chief seeks 'significant' funding at summit to save nature / Photo: Joaquin Sarmiento - AFP

UN chief seeks 'significant' funding at summit to save nature

UN chief Antonio Guterres on Sunday urged "significant investment" in a fund created to safeguard Earth's biodiversity as he addressed delegates to the world's biggest nature protection conference in Cali, Colombia.

Text size:

The meeting, which officially opens Monday, had a ceremonial kickoff with Cali on high alert after threats from a guerrilla group.

Guterres made a video address to guests gathered for the event taking place under the protection of thousands of Colombian police and soldiers, aided by UN and US security personnel.

"We must leave Cali with significant investment in the Global Biodiversity Framework Fund (GBFF), and commitments to mobilize other sources of public and private finance," the secretary general said.

The GBFF was created last year to help countries achieve the goals of the so-called Kunming-Montreal Global Biodiversity Framework (GBF) adopted in Canada in 2022 with 23 targets to "halt and reverse" the loss of nature by 2030.

So far, countries have made about $250 million in commitments to the fund, according to agencies monitoring progress.

The fund is part of a broader agreement made in Montreal two years ago for countries to mobilize at least $200 billion per year by 2030 for biodiversity, including $20 billion per year by 2025 from rich nations to help the developing world.

Guterres highlighted that destroying nature increases conflict, hunger and disease, fuels poverty and slashes GDP.

"A collapse in nature's services -- such as pollination, and clean water -- would see the global economy lose trillions of dollars a year, with the poorest hardest hit," he said.

Avoiding such a future would entail countries "honoring promises on finance and accelerating support to developing countries," said Guterres.

"Those profiting from nature must contribute to its protection and restoration," he added.

- 'Peace with nature' -

About 12,000 delegates from nearly 200 countries, including 140 government ministers and a dozen heads of state were due to attend the 16th Conference of the Parties (COP16) to the UN Convention on Biological Diversity (CBD), running until November 1.

Themed "Peace with Nature," it has the urgent task of coming up with monitoring and funding mechanisms to ensure the 23 UN targets can be met.

But Colombia's EMC rebel group, a splinter of the FARC guerrilla army that disbanded in 2017, has cast a shadow over the event by urging foreign delegations to stay away and warning the conference "will fail."

The threat came after EMC fighters were targeted in a military raid in the southwest Cauca department, where the group is accused of engaging in drug trafficking and illegal mining.

Cali is the nearest big city to territory controlled by the EMC, which has been engaged in fraught peace negotiations with the government.

Colombian President Gustavo Petro also attended Sunday's ceremonial event, two days after saying he was "nervous" about security.

Cali's mayor Alejandro Eder insisted, however, that "we have been working since February to safeguard the city of Cali... We have more than 10,000 police officers, we also have detachments of the Colombian Armed Forces guarding the entire perimeter of the city. We have air protection, protection against drones."

- Time running out -

The delegates have their work cut out for them, with just five years left to achieve the target of placing 30 percent of land and sea areas under protection by 2030.

World-renowned British primate expert Jane Goodall warned ahead of the summit there was little time to reverse the downward slide.

"The time for words and false promises is past if we want to save the planet," Goodall told AFP this week.

According to the International Union for Conservation of Nature (IUCN), which keeps a red list of threatened animals and plants, more than a quarter of assessed species -- about a million altogether -- are threatened with extinction.

Host Colombia is one of the most biodiverse countries in the world, and Petro has made environmental protection a priority.

But the country has struggled to extricate itself from six decades of armed conflict between leftist guerrillas such as the EMC, right-wing paramilitaries, drug gangs, and the state.

D.Al-Nuaimi--DT