With negotiations to mobilise resources for preservation of biodiversity at a major United Nations conference going nowhere, the Group of 77 and China have hinted at possible suspension of the ‘Aichi targets’ under the Nagoya Protocol.
Algeria, current G 77 chair, stressed in a statement at the 11th Conference of Parties (COP 11) to the CBD, underway in this south Indian city, that developing countries had made significant commitments at COP 10 in Nagoya, Japan, on the expectation that financial resources would be forthcoming to meet the Aichi targets.
The Algerian statement hinted that unless COP 11 – which ends Friday after almost two weeks of fruitless negotiations – addresses the issue of resource mobilisation the gains at Nagoya would be negated and the momentum towards realising the Aichi targets lost.
G 77, a loose coalition of 77 developing countries, now expanded to 132, was founded in 1964 to promote the collective economic interests of members and create joint negotiating capacity at the U.N.
At stake now are the 20 Aichi targets aimed at halving the rate of loss of natural habitats, conserving 17 percent terrestrial and inland water areas, 10 percent of marine and coastal areas, restoration of biodiversity by up to 15 percent with countries implementing national biodiversity strategies and action plans by 2015.
Resource mobilisation has been the most contentious area of negotiations at Hyderabad. Developing countries, home to rich biological diversity, are now doubtful that the promise of increasing financial resource flows from developed to developing countries by 2015 will materialise.
Developed countries are firm that a baseline is necessary to determine the sum that is already being spent and that needs to be increased. But developing countries are pushing for commitments on interim figures.
Experts say funding from diverse international and national sources, and across different policy areas, is required to secure the full range of economic and social benefits to be gained from meeting the Aichi targets.
Public funding and private sector investment (still under debate), innovative measures, incentives such as payments for ecosystem services, conservation agreements including with local communities, water fees, forest carbon offsets, and green fiscal policies are among possible sources.
A high-level ‘Global Assessment of Resources for Implementing the Strategic Plan for Biodiversity 2011-2020’, sponsored by Britain and India and released at the COP 11, informs that addressing the drivers of biodiversity loss and ecosystem restoration, over the 2013 – 2020 period could cost hundreds of billions of dollars.
“Whilst there are some big numbers in this report, our panel found that the greatest resource needs are around reducing the direct drivers of biodiversity loss – those which occur throughout our economies and societies,” said Pavan Sukhdev, an economist and goodwill ambassador of U.N. Environment Programme at the COP.
“Conservation of biodiversity also depends on redefining the relationship between economic progress, environmental sustainability and social equity,” said Achim Steiner, executive director of the U.N. Environment Programme.
- Shadow Over Aichi Biodiversity Targets (ipsnews.net)
- India proposes doubling of biodiversity aid by 2015 (thehindu.com)
- UNEP chief Steiner says finance deal at COP11 still possible (rtcc.org)
- COP-11 calls for funds to achieve targets (thehindu.com)
- The Biodiversity Policy Global Road Show Opens In Hyderabad (forbes.com)
- Developing countries push for double financial package to conserve biodiversity (ghanabusinessnews.com)
- ‘Commit resources for biodiversity’ (vancouverdesi.com)
- UN biodiversity talks end with finance deal as countries double funding to $10bn (rtcc.org)
- Natural capital could create a market value for biodiversity (guardian.co.uk)
- Funds Crunch Skews Aichi Targets on Biodiversity (ipsnews.net)