Kunming-Montreal Global Biodiversity Framework

In News 

• The 15th Conference of Parties (COP15) to the UN Convention on Biological Diversity (CBD) adopted the Kunming-Montreal Global Biodiversity Framework (GBF).

About Kunming-Montreal Global Biodiversity Framework

• The framework has 23 targets that the world needs to achieve by 2030.
• The targets are ambitious, considering that biodiversity is in a poor state.
  •  In 2020, the world failed to meet the last set of targets, the Aichi Targets. 
    • Countries would need to ensure success this time around. 
• Delegates were able to build consensus around the deal’s most ambitious target of protecting 30% of the world’s land and seas by the decade’s end, a goal known as 30-by-30.
• The deal also directs countries to allocate $200 billion per year for biodiversity initiatives from both the public and private sectors.

• The Global Environment Facility has been requested to establish a Special Trust Fund to support the implementation of the Global Biodiversity Framework (“GBF Fund”). 
  • This is to ensure successful implementation.

Image Courtesy: TH

Objectives 

• It hopes to arrest the ongoing loss of terrestrial and marine biodiversity.
  • It means people around the world can hope for real progress to halt biodiversity loss and protect and restore our lands and seas in a way that safeguards our planet and respects the rights of indigenous peoples and local communities.

Source:DTE