Biodiversity talks drag as rich nations pinch pennies | delhi | Hindustan Times
Today in New Delhi, India
Apr 22, 2018-Sunday
New Delhi
  • Humidity
  • Wind

Biodiversity talks drag as rich nations pinch pennies

Rich nations have refused monetary commitment prior to conducting a survey.

delhi Updated: Oct 16, 2012 01:29 IST
Chetan Chauhan

India is set to announce its share of funds to conserve the world’s biodiversity and make other countries commit to targets listed under the Convention for Biological Diversity through a “political statement” at the end of a conference of 193 nations in Hyderabad.

“We are working on the countries agreeing to an interim measure,” said MA Farooqui, additional secretary in the environment ministry, who is responsible for coordinating the talks. “The statement will be to achieve Aichi biodiversity targets and set a roadmap,” he added.

India is the host of the conference, and also its president for two years. It wants to send a strong statement, showcasing global willingness to protect global biodiversity under 20 Aichi targets.

The biggest sticking point in the talks has been funding from the developed world to the developing world for achieving targets to improve marine life, reduce biotic pressure on forests, share benefits of natural resources with locals, and sustainable use of natural resources. The richer nations are refusing to pay on the grounds that making any monetary commitment prior to conducting a baseline survey would not be prudent.

India, meanwhile, aims to achieve a balancing act by making countries agree to a roadmap. "The PM will provide an insight into what we are looking at," an official said.

PM Manmohan Singh will be inaugurating the high-level segment of the conference, attended by 90-odd environment ministers. He will also make announcements about India's contribution to global efforts at conserving biodiversity.

The first week of the COP witnessed the adoption of four documents — global plant conservation guidelines, taxonomy initiatives, bio-fuels and their impact on biodiversity, and incentive measures.