The Minister of Environment discusses with the German Deputy Environment Minister of financing the framework of global biological diversity

The Minister of Environment, Dr. Yasmine Fouad, discussed, along with the German Deputy Environment, the latest developments in the file of financing biodiversity, within the framework of the process of continuous consultations between the various parties. In the presence of the diversity expert, the biological diversity and the national communication point of the agreement, Dr. Mustafa Fouda, and the Director of Nature Preservation at the German Ministry of Environment Inca Genki. The Minister affirmed Egypt’s keenness to achieve the consensus between the African group to offer clear demands regarding the financing of biological diversity, especially with the increasing critical cases of loss of biological diversity around the world, as it requires acceleration in proving the credibility of multilateral action in the face of this global challenge. & Nbsp; Dr. Yasmine Fouad has expressed the anxiety of the developing countries from the unclear role to determine the mechanism of financing global biological diversity, and whether it will be one mechanism or a set of financing mechanisms, where countries are looking to determine a clear way to the process of moving the way towards achieving global goals of biological diversity by 2030 according to the global framework of biological diversity. The role of the global environment facility & quot; gef & quot; as a mechanism that provides many financing advantages for the three agreements (climate, biological diversity and desertification), but you need to review the development of its financing system and its governance, in addition to determining the financing goals that should be reached during the upcoming conferences of biological diversity to COP19, and what the global environment facility will offer from reforms and increasing the volume of financing To integrate with financial resources from different sources to achieve the goals of the global framework of biological diversity, in a way that does not represent pressure on developing countries. 2030 so that it is adhered to through the various financing sources to enable countries to achieve their goals for biological diversity by 2030. & nbsp;

for his part, the German Deputy Environment Minister stressed the need to diversify the sources of financing of biological diversity, and that the donor countries play their role in that, so that dependence is not only on the global environment facility, indicating Germany’s keenness to provide financing through cooperation projects The duo and small funds to help achieve the goals of the global framework for biological diversity, including the implementation of the natural -based solution initiative with Egypt, where Germany currently provides $ 1.4 billion dollars in biological diversity each year entering into a number of different projects.

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