Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
{{ subpage.title }}
COP15 sign outside the Palais de Congres in Montreal, Canada.
COP15 seals “30 by 30” deal on protecting biodiversity
The COP15 UN Biodiversity Conference in Montreal, Canada, wrapped up on Monday with a much-awaited agreement to protect 30% of land and water considered “important” for biodiversity by 2030.
Wait, didn't we just have COP27 in Egypt? Yes, but that was about climate change. While climate and biodiversity are not exactly the same thing, they are definitely related.
“Biodiversity and climate are deeply intertwined. It will actually not be possible to solve one crisis without addressing the other,” Ko Barrett, vice chair of the Intergovernmental Panel on Climate Change and senior adviser for climate at NOAA, said during a recent livestream on biodiversity hosted by GZERO in partnership with Suntory.
What’s in the COP15 deal? The 30% commitment — known in COP15 parlance as “30 by 30” — will almost double the current percentage of protected areas on the planet.
That’s nothing to sneeze at, considering we’re on the brink of a sixth mass extinction. The deal concluded a tense two-week negotiation that saw some developing countries walk out halfway through the talks in Montreal.
What's missing? As is often the case with big agreements at UN-sponsored global conferences, quantifiable targets for tracking progress over time — which might encourage some countries to be less ambitious.
Did businesses get what they wanted out of Montreal? Yes and no. (Watch this clip for some specific demands.)
Although the private sector had asked for universal mandatory disclosures on their impacts and dependencies on biodiversity, it’ll be up to individual countries to decide how far they want to go. “That said, disclosures will still ramp up quickly post-COP15,” says Eurasia Group analyst Franck Gbaguidi.
Some are upset that "nature-positive" didn't make it into the final text. We're referring to the movement that urges businesses to make money in a sustainable way that not only protects life on earth but actually reverses the course of its destruction.
On the one hand, its exclusion is "a bummer for those who expected it'd become the nature equivalent of 'net zero' carbon emissions," Gbaguidi explains. On the other, it's "good news for those who thought [nature-positive would be] used by companies to do some greenwashing activities due to the lack of a commonly agreed definition."
The upshot: Although COP15 was a mixed bag, biodiversity is set to become the second environmental priority for governments after climate change.
"Judging by the talks in Montreal, there will be a before and after COP15," says Gbaguidi. "This will materialize in the efforts of the international community to account for biodiversity risks, impacts, and dependencies from now on."
Reversing biodiversity loss by 2030: "We don't have a choice," says Magali Anderson
What does the world's No. 1 cement maker want from the COP15 biodiversity conference in Montreal, Canada?
First, a framework for companies. Second, a commitment to halt and reverse biodiversity loss by 2030, Magali Anderson, Holcim's chief sustainability and innovation officer, says during the livestream discussion "Time for nature: Turning biodiversity risk into opportunity," hosted by GZERO in partnership with Suntory.
"I think we just don't have a choice there. It's not even a question of a wishlist or whatever," she adds. "It's a question of do we want the planet to still be liveable for everything that's alive in 10 years or not. That's all it is about."
Don't miss Anderson's COP27 joke.
Learn more about this GZERO Media live discussion: https://www.gzeromedia.com/sustainability
"We don't have any right to destroy nature" — Suntory CEO Tak Niinami
In biodiversity circles, many are talking up nature-positive as the new net zero. But for some companies, striving for a world where nature is being restored and is regenerating rather than declining is more than a buzzword.
"We don't have any right to destroy nature," Suntory CEO Tak Niinami says during the livestream discussion "Time for nature: Turning biodiversity risk into opportunity," hosted by GZERO in partnership with Suntory.
For Niinami, corporations need to make money, but also contribute to society. And companies have a lot of know-how they can apply to help reverse biodiversity loss in the future.
"Nature positive is not nature-neutral," he says. "Nature-positive is additional value for us to create for the generation to come."
Learn more about this GZERO Media live discussion: https://www.gzeromedia.com/sustainability