Governments To Double Funds For Poor Countries To Preserve Bio Diversity
Documents for Bio Diversity conservation was adopted after many debates at the 11th conference of the United Nations Convention for Bio Diversity in Hydrebad, India.
Governments reached an early-morning agreement after long nights of tough bargaining in Hyderabad, south India, to double biodiversity-related funding to developing countries by 2015 and maintain the rate until 2020. Mobilization of resources to help biodiversity rich countries in Asia, Africa and Latin America has been the most contentious issue at the conference, with pressure on wealthy nations building up from the group of 77. The wealthier countries are balking at commitments, demanding stronger regulatory frameworks for monitoring and evaluation to be created first.
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