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.