No new funds for biodiversity

 

Environment ministries said that the EU will not be able to increase funds to protect biodiversity. At the Nagoya summit, delegates should agree on a future mobilization of funds. EU concerns are related to the possible inability of developing countries to properly spend the given resources. Moreover, EU ministries showed their willingness to agree on a second commitment period under the Kyoto Protocol provided that, Commissioner Hedegaard said, other major economies do so as well.

See also Environment Council press release, Council conclusion on Nagoya conference and preparation for the conference in Cancun