\u2705At CBD COP 15, Montreal (Canada), 196 parties to the Convention are looking forward to finalizing negotiations for a post-2020 Global Biodiversity Framework (GBF).<\/p>\n\n\n\n
\u2705GBF is a new set of goals and targets to halt and reverse biodiversity loss.<\/p>\n\n\n\n
\u25cf India\u2019s View:<\/p>\n\n\n\n
\u2705India, at the U.N. biodiversity conference, highlighted the need to create a new and dedicated fund to assist developing countries in successfully implementing a post-2020 global framework to halt and reverse biodiversity loss.<\/p>\n\n\n\n
\u2705India further said that the Conservation of biodiversity should also be based on common but differentiated responsibilities and respective capabilities (CBDR) as climate change also influences nature.<\/p>\n\n\n\n
\u2705As the members of CBD finalize GBF there have been repeated calls for the inclusion of the CBDR principle in finance-related targets.<\/p>\n\n\n\n
\u2705CBDR was established as the seventh principle of the Rio Declaration adopted at the Earth Summit in 1992.<\/p>\n\n\n\n
\u2705It acknowledges that the states have common but differentiated responsibilities in view of the different contributions to global environmental degradation.<\/p>\n\n\n\n
\u25cf Global Environment Facility:<\/p>\n\n\n\n
\u2705The Global Environment Facility(GEF) is the only source of funding for biodiversity conservation. GEF also caters to other conventions like UNFCCC and UN Convention to Combat Desertification.<\/p>\n\n\n\n
\u2705Developing countries across the world have been demanding a new and dedicated biodiversity fund because the existing multilateral sources are not up to the mark in meeting the requirements of the GBF.<\/p>\n\n\n\n
\u2705The differences with rich countries on the issue prompted representatives from developing nations to stage a walkout from crucial financing talks.<\/p>\n\n\n\n
\u2705It is observed that applying the CBDR principle to biodiversity conservation is difficult and there have been repeated disagreements between the global north and<\/p>\n\n\n\n
south.<\/p>\n\n\n\n
\u25cf Other Demand at CBD COP 15:<\/p>\n\n\n\n
\u2705There are also efforts by several countries to build a consensus on eliminating subsidies that are harmful to the environment, like subsidies for fossil fuel production, agriculture, forestry, and fisheries, by at least $500 billion annually and utilizing this money for biodiversity conservation.<\/p>\n\n\n\n
\u2705India is against the proposal of reducing the agriculture-related subsidy and redirecting the savings for biodiversity conservation due to various national priorities.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u25a0 India Pushes For New Biodiversity Fund- \u2705At CBD COP 15, Montreal (Canada), 196 parties to the Convention are looking forward to finalizing negotiations for a post-2020 Global Biodiversity Framework (GBF). \u2705GBF is a new set of goals and targets to halt and reverse biodiversity loss. \u25cf India\u2019s View: \u2705India, at the U.N. biodiversity conference, […]<\/p>\n","protected":false},"author":894,"featured_media":128003,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1755],"tags":[1797],"class_list":["post-128002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-important-topics","tag-upsc-daily-important-topic"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/128002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=128002"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/128002\/revisions"}],"predecessor-version":[{"id":128004,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/128002\/revisions\/128004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/128003"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=128002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=128002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=128002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}