COP15 adopts biodiversity reversal plan to save 30% of land, water by 2030

Montreal deal also aims to provide critical financing to developing world; draft calls for raising $200 billion by 2030 for biodiversity, with a plan that could provide another $500 billion

After a delay of two years due to Covid-19, a new global agreement to halt and reverse biodiversity loss by 2030 gets a final nod on Monday during the last day of UN Biodiversity Conference (COP15) in Montreal, Canada.

Adopted by 196 countries under the UN Convention on Biological Diversity, the agreement targets to conserve at least 30 per cent of land, freshwater and ocean globally, while respecting the rights of indigenous peoples and local communities, and recognising the contributions of indigenous and traditional territories towards the target’s tally.

The historic deal signed in Montreal also aims to provide critical