Antara News
September 28, 2021
Historic announcement follows ASEAN member states' calls for more funding for global biodiversity agreement
At a high-level event in the margins of the 76th session of the UN General Assembly, nine philanthropic organizations launched the "Protecting Our Planet Challenge" and pledged $5 billion to protect and conserve 30% of the planet by 2030 by supporting protected areas and Indigenous stewardship of their territories. This marks the largest-ever philanthropic commitment to nature conservation.
The science based 30x30 target has emerged as a central element of the Convention on Biological Diversity's draft 10-year strategy, which is expected to be approved at COP15 in Kunming, China in April 2022. Indigenous leaders welcomed the announcements as a sign of how the 30x30 target could be aligned with human rights.
Throughout the Convention on Biological Diversity negotiations, ASEAN member states have raised the important topic of biodiversity finance. A landmark study found that current global spending on biodiversity needs to increase by more than a factor of five in order to protect the most important biodiversity around the world.