DMPQ-What is Kunming Declaration ? Discuss it’s significance in the conservation of Biodiversity.

The Kunming declaration is been said to be paving way for global biodiversity negotiations. Read here to know about the key points of the declaration.  The Kunming Declaration was adopted by over 100 countries on October 13, 2021, at the first part of the virtual 15th meeting of the Conference of the Parties (COP15) to the United Nations Convention on Biological Diversity (UN-CBD).

This declaration asks the parties to prioritize biodiversity protection in terms of decision-making and recognizing the importance of conservation in protecting human health. The adoption of this declaration aims to create momentum for a new global biodiversity pact.

By this action, the nations have committed themselves to support the development, adoption, and implementation of an effective post-2020 implementation plan, capacity-building action plan for the Cartagena Protocol on bio-safety.  Signatory nations will ensure that the post-pandemic recovery policies, programs, and plans contribute to the conservation and sustainable use of biodiversity, promoting sustainable and inclusive development.

Climate finance refers to local, national, or transnational financing- drawn from public, private and alternative sources of financing that seek to support mitigation and adaptation actions that will address climate change.

The UNFCC, the Kyoto Protocol, and the Paris Agreement call for financial assistance from parties with more financial resources to those that are less endowed and more vulnerable. This recognizes that the contribution of countries to climate change and their capacity to prevent it and cope with its consequences vary enormously.

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