Global South makes its case for $700B to protect biodiversity at COP15
The funding gap between what developing countries need for conservation and what's actually being offered by wealthy nations has become a major sticking point at the UN biodiversity conference in Montreal.Looming over the negotiations is an estimated $700 billion US gap that's needed to conserve biodiversity around the planet. Until now, only about $17 billion US in public funding has been committed."Without finance none of this can happen," said Jennifer Morris, CEO of global environmental group the Nature Conservancy,…