The majority of the funding announced these days is new, with some coming from Canada’s -billion commitment in order to leverage nature-based climate solutions and contribute to the security, conservation and restoration of nature, which is part of a 5-year, . 3-billion environment finance commitment made by North america in 2021. As Canada hosts the 15th meeting of the Conference from the Parties to the Convention upon Biological Diversity (COP15) within Montréal, Quebec, from Dec 7 to 19, 2022, it continues to demonstrate the commitment to working with household and international partners to guard nature, halt biodiversity reduction and build a sustainable long term for generations to come. The other day, Canada joined like-minded countries to support a joint donor statement that sets out billions of dollars from the international local community, including multilateral development banks, to protect and restore character. The financing announced today builds at the 0 million in funding announced by Prime Minister Justin Trudeau at the beginning of COP15 to support developing countries in advancing biodiversity efforts and also to support the implementation from the Post-2020 Global Biodiversity Platform. Today, at COP15, the Honourable Mélanie Joly, Minister of Foreign Affairs, as well as the Honourable Steven Guilbeault, Ressortchef (umgangssprachlich) of Environment and Weather Change, on behalf of the Honourable Harjit S. Sajjan, Minister of International Development and Minister responsible for the particular Pacific Economic Development Company of Canada, announced 5 million to help developing countries build a strong future, which includes by fighting climate alter, protecting nature and assisting resilient local economies. December 16, 2022 : Montréal, Quebec – Global Affairs Canada The funding is allocated mainly to the Global Environment Facility—the funding mechanism of the United Nation’s Convention on Biological Diversity—making Canada its 7th-largest donor country. Funding will even go to the Feminist Climate Actions in West Africa task; the United Nations Development Programme’s Biodiversity Finance Initiative; and the Moroccan Forestry Strategy. Canada’s support will help developing countries scale up their financing to protect nature and enhance climate resilience. The vast majority of the particular world’s biodiversity is found in establishing countries, where the greatest impacts of the twin crises of biodiversity loss and environment change are being felt.
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