UN agencies pledge $43 million to boost species conservation

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UN agencies pledge $43 million to boost species conservation

Nairobi, May 21 (UNI/Xinhua) Developing countries will benefit from new funding totaling $43 million from the Global Environment Facility (GEF) to enable them to implement projects that reverse species loss , United Nations agencies said in a statement issued in the Kenyan capital. Nairobi. The funding announced on Friday, ahead of the International Day for Biological Diversity to be observed on Sunday, will benefit 139 developing countries, already grappling with growing threats to natural habitats. Each recipient country will be eligible for grants totaling $300,000 to enable them to analyze and align their policies, objectives, funding and monitoring system to reinvigorate action on threats to the biodiversity. The United Nations Environment Program (UNEP) and the United Nations Development Program (UNDP) will provide technical expertise to these developing countries to enable them to use the funds optimally and to advance the protection some change. Inger Andersen, UNEP Executive Director, said the new funding will enable developing countries to capture the benefits of establishing a post-2020 global biodiversity framework. Andersen noted that action plans that will be implemented with new GEF funding will enable developing countries to put species conservation at the heart of national development plans. Carlos Manuel Rodriguez, CEO and Chairman of the GEF, said the new funding will change the trajectory of biodiversity conservation in developing countries, already grappling with mass loss of rare species. “We stand ready to continue supporting globally significant biodiversity stewards to elevate nature in their planning and to rapidly scale up efforts that together can turn international goals into reality,” Rodriguez said. UNDP Administrator Achim Steiner said investing in nature conservation will benefit national economies in addition to improving climate resilience in the Global South. Steiner noted that nature underpins half of the world’s jobs and livelihoods, adding that it remains the foundation for maintaining food, water and energy security across the globe. Elizabeth Mrema, Executive Secretary of the UN Convention on Biological Diversity, welcomed the new funding for species conservation in developing countries, adding that all sectors of society will benefit profoundly. Mrema added that as the international community prepared to come up with a 10-year plan to end species extinction, adequate funding was essential. UNI/XINHUA MYK

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