Canada’s Environment Minister says the federal government will allocate at least 20 per cent of its $5.3-billion international climate finance commitment to nature-based solutions in developing countries over the next five years in a bid to limit biodiversity loss.
Steven Guilbeault made the promise during a Saturday speech at the United Nations COP26 conference in Glasgow, Scotland.
He says a co-ordinated approach to tackling climate change and biodiversity loss is needed because the issues are intrinsically linked.
He says helping developing countries adopt “nature-based solutions,” such as restoring wetlands and and preserving carbon-rich natural areas, will help accomplish both goals.
Conference participants are grappling with setting the rules for implementing a number of goals, chiefly reducing greenhouse gas emissions enough to hold global warming to as close to 1.5 degrees C as possible by the end of the century.
“We need to work together to conserve and protect the large intact biodiversity and carbon-rich areas of the world – the Boreal, Amazon, Congo Basin, and Southeast Asia peatlands,” read a copy of Guilbeault’s address to the conference. “If we do not protect them, biodiversity will not be protected, nor will our climate.”
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