In a meeting of the Global Environment Facility (GEF)’s Seventh Assembly in Canada, representatives from 185 countries agreed to launch a new global conservation fund, with Canada pledging 200 million Canadian dollars and the United Kingdom contributing 10 million pounds. The new Global Biodiversity Framework Fund (GBFF) has been designed to mobilize and accelerate investment in the conservation and sustainability of wild species and ecosystems, whose health is under threat from wildfires, flooding, extreme weather, and human activity including urban sprawl.
The GBFF is seeking monetary support from governments, philanthropic donations and the private sector. The GEF Assembly was attended by 1,500 people, including representatives of government, academia and business, Indigenous Peoples and environmental leaders. The meeting, which is held every four years, comes during what is predicted to be an active hurricane season and the record wildfire season in Canada, which have been influenced by global heating and rising ocean temperatures. Countries have come together in Vancouver to turn things around for the health of the planet and its people. This is a hugely positive moment that will be remembered far into the future.
Biodiversity is the critical foundation of our well-being and the health of our planet. The new Global Biodiversity Framework Fund will play a key role in addressing biodiversity loss. It will address it in developing countries, where the impacts of nature loss are highest; it will address it in a gender-responsive manner, including through cross-sectoral partnerships; it will address it in collaboration with Indigenous Peoples, the original guardians of the lands and seas. Canada is making a significant contribution to this new fund and continuing to show our support for the GEF’s eighth replenishment to ensure the protection of our planet’s biodiversity for generations to come.
https://www.ecowatch.com/biodiversity-protection-fund-global-environment-facility.html
Contributions to the GBFF will go toward stopping and reversing biodiversity loss globally by 2030, as well as placing nature on a path to recovery by 2050.
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80 w
Yes, it was supposed to be 100 billion USD and recently 1.4bn USD was communicated for the funding. Nothing else than money and some good intention was communicated so far. The issue for me is Global Environment Facility (GEF). They are unfit to protect biodiversity: 1) they have no plan nor products to enhance biodiversity 2) they dont measure impact. ALL their projects are satisfactory in their website published project impact reports 3) No data of improved animal abundance has ever been communicated. GEF is the old idea of conservation. That it can be bought. Good luck with 5 billion nature hectares. The just talk but never ask the question how to achieve biodiversity strength again, because it is conflicting to economic development. TNFD should lead the effort here. I have not heard their opinion on the latest GBFF. What is needed are C02 reducing projects owned by the local communities. The GEF consultant approach does usually not include the local communities. This all sucks I think to be honest. It is worse than not announcing anything. Now good people will get discouraged to drop the career for the animals as they believe, a big organisation is already taken care. Well, sounds like the fate of the trees. REDD+ not working at all. It is so bad, the nobody of the industry is admitting. Only the Guardian/Zeit going into the details of the famous Greenwash. Throwing out big numbers in Montreal, which become very small later is already a shocker. Maybe I misunderstood. Please correct me then. But the worst, since Montreal (January), I have not found any discussion what to do with the money. Funding becomes a problem is you have to look for it every year again and if there is no plan. I have been in touch with GEF and sadly know what I am talking about. If GEF does not involve tech solutions, they operate in the pre digital age and won't stand a chance against poachers. The key ingredient missing, is collaboration and transparency, before this is guaranteed, everything will fail - sadly.
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80 w
I like
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81 w
Its so good to see so many countries committed to such a worthy course
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81 w
Dear Ann Nyambura Your climate love has received over 50 agrees! We have reached out to Global Environment Facility by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
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81 w
This is great, with such commitments great goals with be achieved
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81 w
this is incredible,
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81 w
Hopefully more countries and global organizations will join in the fund
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81 w
This will make a huge difference in restoring the planet's ecosystem
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81 w
This is truly commendable and will have a positive impact on the environment for generations to come.
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These is good when leaders come together to agree and support climate change
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@bonke_reinhard the leaders can also exchange ideas and develop their countries.