COP15 Chairman Huang Runqiu of China (second from left) announces the adoption of “Kunming-Montreal Global Biodiversity Framework” at the 2022 UN Biodiversity Conference in Montreal on December 19, 2022. (Photo: ncronline.org) |
The agreement commits to ensuring that 30% of the world’s terrestrial and marine areas are protected by 2030, and grants up to 30 billion USD a year to developing countries for conservation.
The agreement also covers reducing subsidies for environmentally destructive agricultural practices, reducing risks from pesticide use, and tackling invasive species.
China is the COP15 President, but the conference was moved to Canada due to COVID-19 restrictions in China. The new agreement was named after the two host cities.