22 Dec COP15 adopts a plan to protect 30% of land, water.
Good news for the planet with the adoption of a sweeping agreement at COP15.
“The threat of a mass extinction of plant and animal species led 195 nations early Monday December 19th to agree to protect and restore at least 30% of the Earth’s land and water by 2030.” as reported in this article from Bloomberg.
Reached after two weeks of negotiations at the COP15 United Nations Biodiversity Conference in Montreal, the agreement has been compared the historic Paris Climate Accords, adopted in 2015. It includes 23 conservation targets, the most prominent of which, 30×30, would place 30% of land and sea under protection.
Protecting the planet may be a moral and ethical issue, but it is also an economic one, as the article goes on to discuss. “Financial institutions have come to understand the carnage in nature as an economic failure. The World Economic Forum has estimated that $44 trillion, the equivalent of about half global GDP, is generated in industries dependent on nature, led by construction, agriculture, and food. Collapsing ecosystems could take 2.3%, or about $2.7 trillion, off global GDP in 2030, according to the World Bank. “.
Link to the Bloomberg article here
Other links of interest:
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