Over 190 nations adopt landmark biodiversity pact to restore natural ecosystems.

December 20, 2022

Over 190 countries have adopted a landmark biodiversity pact to restore natural ecosystems.
At the UN Biodiversity Conference, COP15 in Montreal, these countries agreed to protect 30 percent of the planet by 2030.
The countries pledged to achieve 23 targets to reverse ecosystem degradation under four overarching goals for the survival of the natural world.
Under the Global Biodiversity Framework (GBF), countries also agreed to reduce harmful government subsidies worth 500 billion dollars annually, while vowing to identify subsidies that are harmful to biodiversity by 2025. The biodiversity plan gives India legroom on farm subsidies.
The GBF gives elbow space to India both in terms of continuing farm subsidies and pesticide use. This has been a priority for India, which has been voluntarily pitching for natural farming in a big way.
The Global Biodiversity Framework is considered equivalent to the Paris Agreement on climate change in terms of its significance for protecting biodiversity.
Its other targets include reducing the use of pesticides by half and raising annual international financial flows from developed to developing countries to at least 20 billion dollars by 2025, and to at least 30 billion dollars by 2030.