Bangladesh strongly recommends earmarking at least US$800 billion per year to implement the post-2020 global biodiversity framework, Environment Minister has Md Shahab Uddin has said.
“Out of this amount, at least 400 billion per year should be allocated for biodiversity conservation in the developing countries,” he added.
The minister said this joining virtually from his official residence at the "Roundtable B: Closing the Financing Gap and ensuring the means of implementation” in High-Level Segment 2020 United Nations Biodiversity Conference held hybrid in Kunming, People's Republic of China titled "Ecological Civilization-Building a Shared Future for All Life on Earth" on Tuesday.
As a biodiverse country, Bangladesh will uphold the implementation of the convention and three objectives towards achieving the ‘2050 Vision: Living in Harmony with Nature’, he said.
People in Bangladesh traditionally conserve biodiversity from generation to generation.
However, frequent climate change-related events in the country have compromised their resolution. As a result, efforts to conserve biodiversity are not gaining momentum because the amount and sources of funds are not enough, he continued.
Bangladesh asked for enhancing the capacity of GEF, GCF and other multilateral sources of funds to mobilise and provide sufficient resources towards fast-track support to conserve biodiversity in the climate-vulnerable countries.
Environment minister told the world leaders that Bangladesh had signed CBD in 1992 which was ratified in 1994, ratified Biosafety Protocol in 2004, and signed Nagoya Protocol in 2011.
Protection and improvement of environment and biodiversity are now one of the Fundamental Principles of state policy of Bangladesh as stated in our Constitution, he added.
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