SA to push for more financial clout at COP15 talks to help tackle conservation crisis | Business

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The UN's biodiversity summit kicks off next week, but Forestry, Fisheries and Environment Minister Barbara Creecy fears a lack of ambition in the new conservation deal as the world grapples with the effects of the Russia-Ukraine war. | News24_Business

The UN's biodiversity conference, or COP15, kicks off in Montreal, Canada, next week.

The United Nations Convention on Biological Diversity's 15th Conference of Parties will be hosted in Montreal, Canada, between 7-19 December. The summit will see governments from around the world come together to agree on a set of goals to pursue in order to drive nature conservation. "We understand that if we continue in the current way the world is proceeding, we will see the mass extinction of species later in this century," Creecy said. This is why it is important for the GBF to be ambitious and based on the"best available science".

"When we look at financing, it is important to make sure financing is not just available for new targets but also be available to support existing conservation efforts," she said. International tourism is a major resource for conservation. But for South Africa and sub-Saharan Africa, the recovery in international tourism since the Covid-19 pandemic has been slow, Creecy explained.

As it did during the UN climate summit or COP27, South Africa will also be calling for the reform of multilateral development banks so that developing countries can receive the support they need for their conservation efforts, without worsening their debt burdens.

 

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