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

EUR -
AED 3.859659
AFN 71.497817
ALL 98.328235
AMD 419.898548
ANG 1.895117
AOA 960.981091
ARS 1063.731053
AUD 1.622765
AWG 1.891482
AZN 1.788374
BAM 1.954374
BBD 2.106742
BDT 125.658288
BGN 1.95286
BHD 0.396115
BIF 3106.732552
BMD 1.050823
BND 1.413968
BOB 7.265628
BRL 6.382386
BSD 1.051523
BTN 89.03202
BWP 14.34553
BYN 3.43839
BYR 20596.13192
BZD 2.108241
CAD 1.476412
CDF 3015.861968
CHF 0.930262
CLF 0.037172
CLP 1025.665752
CNY 7.655458
CNH 7.674145
COP 4679.209991
CRC 533.505544
CUC 1.050823
CUP 27.846811
CVE 110.187725
CZK 25.187141
DJF 187.243341
DKK 7.45809
DOP 63.653542
DZD 140.592389
EGP 52.283157
ERN 15.762346
ETB 131.332098
FJD 2.385579
FKP 0.829433
GBP 0.830413
GEL 2.989606
GGP 0.829433
GHS 15.930222
GIP 0.829433
GMD 74.608307
GNF 9063.385092
GTQ 8.119074
GYD 219.889514
HKD 8.179066
HNL 26.625821
HRK 7.495793
HTG 137.849391
HUF 414.525482
IDR 16769.349593
ILS 3.807526
IMP 0.829433
INR 89.027464
IQD 1377.494636
IRR 44239.650802
ISK 145.686045
JEP 0.829433
JMD 164.87359
JOD 0.745138
JPY 156.629406
KES 136.080681
KGS 91.207285
KHR 4239.905506
KMF 493.30878
KPW 945.740353
KRW 1512.990766
KWD 0.322921
KYD 0.87626
KZT 550.108504
LAK 23074.939175
LBP 94161.580129
LKR 305.529917
LRD 188.222626
LSL 19.008308
LTL 3.102807
LVL 0.635632
LYD 5.131523
MAD 10.50853
MDL 19.242956
MGA 4941.346536
MKD 61.407719
MMK 3413.032299
MNT 3570.696692
MOP 8.430447
MRU 41.648999
MUR 49.125736
MVR 16.235294
MWK 1823.369215
MXN 21.386769
MYR 4.696718
MZN 67.141052
NAD 19.008127
NGN 1739.889673
NIO 38.692129
NOK 11.631193
NPR 142.451032
NZD 1.786862
OMR 0.404579
PAB 1.051523
PEN 3.938463
PGK 4.244942
PHP 61.561406
PKR 292.164144
PLN 4.294372
PYG 8193.020327
QAR 3.834048
RON 4.977115
RSD 116.945977
RUB 112.309414
RWF 1451.040958
SAR 3.947995
SBD 8.758227
SCR 14.323178
SDG 632.06918
SEK 11.57634
SGD 1.414497
SHP 0.829433
SLE 23.952485
SLL 22035.239074
SOS 600.961389
SRD 37.179694
STD 21749.91568
SVC 9.200766
SYP 2640.224307
SZL 19.014123
THB 36.175585
TJS 11.461326
TMT 3.688389
TND 3.313682
TOP 2.46113
TRY 36.512632
TTD 7.115739
TWD 34.283628
TZS 2768.919
UAH 43.904909
UGX 3869.13929
USD 1.050823
UYU 45.398162
UZS 13486.54188
VES 50.090007
VND 26696.159767
VUV 124.755825
WST 2.933468
XAF 655.478599
XAG 0.034135
XAU 0.000398
XCD 2.839902
XDR 0.799816
XOF 655.478599
XPF 119.331742
YER 263.127139
ZAR 19.058105
ZMK 9458.660207
ZMW 28.416989
ZWL 338.364596
  • RYCEF

    0.2000

    7.44

    +2.69%

  • RBGPF

    -1.6900

    60.31

    -2.8%

  • CMSC

    0.0000

    24.57

    0%

  • SCS

    -0.0850

    13.635

    -0.62%

  • NGG

    -0.2300

    63.15

    -0.36%

  • RELX

    0.2350

    47.565

    +0.49%

  • AZN

    1.2800

    68.32

    +1.87%

  • RIO

    0.5900

    63.86

    +0.92%

  • GSK

    0.7450

    35.055

    +2.13%

  • BTI

    -0.4150

    37.315

    -1.11%

  • BCC

    -0.6000

    146.92

    -0.41%

  • VOD

    0.0090

    8.879

    +0.1%

  • BCE

    0.1650

    27.205

    +0.61%

  • JRI

    0.0130

    13.513

    +0.1%

  • BP

    0.5250

    29.515

    +1.78%

  • CMSD

    -0.0800

    24.31

    -0.33%

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