{"id":90592,"date":"2023-08-28T18:12:21","date_gmt":"2023-08-28T15:12:21","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=90592"},"modified":"2023-08-28T18:12:21","modified_gmt":"2023-08-28T15:12:21","slug":"canada-uk-contribute-over-217-million-canadian-dollars-for-new-global-biodiversity-fund","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/canada-uk-contribute-over-217-million-canadian-dollars-for-new-global-biodiversity-fund\/","title":{"rendered":"Canada, UK contribute over 217 million Canadian dollars for new Global Biodiversity Fund"},"content":{"rendered":"

Canada and the UK<\/a> announced initial contributions of 200 million Canadian dollars and 10 million pounds to the new Global Biodiversity Framework Fund (GBFF) that was launched at the Global Environment Fund (GEF) Assembly in Vancouver.<\/p>\n

The fund is meant to attract investments from governments, philanthropy, and the private sector in nature restoration.<\/p>\n

The GBFF has been designed to mobilize and accelerate investment in the conservation and sustainability of wild species and ecosystems, whose health is under threat from wildfires, flooding, extreme weather, and human activity including urban sprawl.<\/p>\n

\u201cCountries have come together in Vancouver to turn things around for the health of the planet and its people. This is a hugely positive moment that will be remembered far into the future. We have shown at the Seventh GEF Assembly that even in difficult conditions \u2013 with wildfire smoke as our backdrop \u2013 we can move forward to build a more biodiverse planet for everyone\u2019s benefit,\u201d said\u00a0Carlos Manuel Rodr\u00edguez, CEO and Chairperson of the Global Environment Facility<\/a>.<\/p>\n

The GBFF\u2019s ratification came eight months after the Conference of the Parties to the Convention on Biological Diversity agreed on a historic set of global biodiversity goals known as the Kunming-Montreal Global Biodiversity Framework, and decided to set up a new GEF-managed fund to support its implementation.<\/p>\n

The GEF is a family of funds supporting developing countries\u2019 action on inter-related environmental challenges including biodiversity loss, climate change, and pollution. In June, the GEF Council approved the arrangements to establish the fund during a meeting in Brazil.<\/p>\n

The contributions announced in Vancouver will support action towards halting and reversing biodiversity loss by 2030 and putting nature on a recovery path by 2050.<\/p>\n

\u201cBiodiversity is the critical foundation of our well-being and the health of our planet. The new Global Biodiversity Framework Fund will play a key role in addressing biodiversity loss. It will address it in developing countries, where the impacts of nature loss are highest; it will address it in a gender-responsive manner, including through cross-sectoral partnerships; it will address it in collaboration with Indigenous Peoples, the original guardians of the lands and seas. Canada is making a significant contribution to this new fund and continuing to show our support for the GEF\u2019s eighth replenishment to ensure the protection of our planet\u2019s biodiversity for generations to come,\u201d\u00a0said\u00a0Ahmed Hussen, Canada\u2019s Minister of International Development.<\/p>\n

\u201cWe are at a pivotal time of unprecedented environmental challenges as the world is being confronted by the triple crises of climate change, pollution, and biodiversity loss. The urgency of a global response has never been greater. Over the last eight months, since COP15, we have seen outstanding collaboration between countries and international partners, and we need to keep the momentum going. Canada\u2019s longstanding partnership with the GEF is central to our efforts and underscores our shared commitment to collaboration and climate action,\u201d\u00a0said\u00a0Steven Guilbeault, Canada\u2019s Minister of Environment and Climate Change.<\/p>\n

\u201cAs we confront the critical challenge of halting and reversing biodiversity loss around the world, working together has never been more important. Our initial contribution to the Global Biodiversity Framework Fund showcases the United Kingdom\u2019s ongoing dedication to protecting our planet\u2019s natural diversity \u2013 and through vital international cooperation we are paving the way for a more sustainable future for our planet,\u201d\u00a0said United Kingdom Nature Minister\u00a0Trudy Harrison.<\/p>\n

The new fund will mobilize and disburse new and additional resources from public, private, and philanthropic sources, with a focus on the sustainability of biodiversity and ecosystems.<\/p>\n

As much as 20 percent of its resources will support Indigenous-led initiatives to protect and conserve biodiversity. It will also prioritize support for Small Island Developing States and Least Developed Countries, which will receive more than a third of the fund\u2019s resources.<\/p>\n

\u201cThe creation of this fund and its commitment to supporting Indigenous Peoples and local communities is an important and clear recognition of the fundamental role they have had for generations protecting biodiversity. We will only achieve the shared vision of a healthy planet and healthy people with collective, inclusive actions, and a human rights approach where we all hold hands together,\u201d\u00a0said\u00a0Lucy Mulenkei, Co-Chair of the International Indigenous Forum on Biodiversity.<\/p>\n

\u201cWe welcome the ratification and launch of the fund. We also welcome the contributions from donors which will facilitate the early operationalization of the fund in advance of COP16. This shows the determination of the world community to implement the Kunming-Montreal Global Biodiversity Framework, and shows that the world is moving from agreement to action,\u201d\u00a0said\u00a0David Cooper, Acting Executive Secretary of the Convention on Biological Diversity.<\/p>\n

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Canada and the UK announced initial contributions of 200 million Canadian dollars and 10 million pounds to the new Global Biodiversity Framework Fund (GBFF) that was launched at the Global Environment Fund (GEF) Assembly in Vancouver. The fund is meant to attract investments from governments, philanthropy, and the private sector in nature restoration. The GBFF […]<\/p>\n","protected":false},"author":410,"featured_media":90593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13330,984],"tags":[6597,8092,14229],"yoast_head":"\nCanada, UK contribute over 217 million Canadian dollars for new Global Biodiversity Fund - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Canada and the UK announced initial contributions of 200 million Canadian dollars and 10 million pounds to the new Global Biodiversity Framework Fund (GBFF) .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/canada-uk-contribute-over-217-million-canadian-dollars-for-new-global-biodiversity-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada, UK 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