Nature finance impasse deepens between developed, developing countries at COP15 - Terrace Standard

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Nature finance impasse deepens between developed, developing countries at COP15

morning, a parade of them taking the microphone to promise they are very committed to achieving a new agreement to protect the earth’s natural landscapes and wild species.

After an emergency negotiating session, they returned to the table Wednesday evening. But Thursday, developed nations led by the European Union made clear a new fund was not in the cards. European media also reported Thursday that French President Emmanuel Macron wrote to the European Union to say that a new fund was a “red line” for France.

The biggest and most contentious targets, however, are Canada’s marquee demand to protect 30 per cent of the world’s land and marine areas by 2030, and the money.

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