There is a historical obligation for higher-income countries to transfer some of their vast and ill-gotten wealth to lower-income ones to compensate them for the damage they have done to the environment, writes Graham Lawton
That pathway to riches is one that many less-wealthy countries aspire to. But it is also a pathway toPreventing nature-rich countries from trashing their biodiversity is, of course, one of the goals of the UN Convention on Biological Diversity , over which. Such talks naturally feature conservation targets, habitat restoration and so on. But they actually revolve around something else: money.
Before the meeting began, I spoke to conservation biologists about what to look out for. One of them,, told me bluntly: “It’s all about the money.” Biodiverse countries are often GDP-poor, and many don’t see why they should be forced to remain so in order to rescue wealthy nations from catastrophe. And even where there is the will to preserve, countries often lack the necessary resources and need financial help. “The big issue is about wealth transfer,” Woodley told me. “I suspect that the negotiations will hinge on that.”
He was right. There were many sticking points, but by far the stickiest was finance. Reports from the meeting say that the spirit of the talks was mean, with negotiators generally putting national interests first. For rich countries, that meant digging their heels in over the payments. “The US and Europe are responsible for more than half of global ecological destruction over the past 50 years”
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