African countries including Cameroon, the Democratic Republic of Congo, Uganda and Angola expressed their dismay at how things went down in the final moments of the conference. Home to a big chunk of the world’s biodiversity such as the Congo basin, DR Congo wanted the new fund for biodiversity protection to be separate from the United Nations’ existing Global Environment Facility. ’30 by 30’ dealThe framework in Canada had been cited by some participants as “historic” after the parties agreed to the ’30 by 30’ deal. Current estimates put financial flows for biodiversity protection from rich nations to poor countries at around $10 billion per year. “I’m from a country of the Congo Basin, rich in biodiversity which has sacrificed for all mankind by sacrificing its resources.

Source: Daily Nation December 24, 2022 10:48 UTC