UN Biodiversity Conference (COP15) being held in Montreal - Retail Council of Canada
Climate Action and Carbon Management | National | Sustainability

UN Biodiversity Conference (COP15) being held in Montreal

December 20, 2022

Over the last two weeks, delegates from 190+ countries have been in Montreal for COP15: the UN Biodiversity Conference, with the goal of adopting a post-2020 global biodiversity framework to help drive conservation efforts for ecosystems and wild species. Beyond environmental concerns, these efforts are crucial as the UNDP estimates that “…degrading ecosystems could trigger a downward spiral of US$2.7 trillion in global Gross Domestic Product by 2030.”

Despite some contentious discussions over funding, nations were able to reach an agreement, titled the Kunming-Montreal Global Biodiversity Framework, on Monday, December 19. As part of this, nations agreed on four goals and 23 targets, including the 30 by 30 target whereby 30% of land and water will be protected by 2030. Efforts will also commence to raise US$200 billion in both public and private funding per year by 2030. RCC will continue to monitor targets and progress as implementation rolls out, particularly in Canada.

For questions or more information contact

Kelsey Morden
Manager, Sustainability Programs
kmorden@retailcouncil.org

For questions or more information contact

Michael Zabaneh
Vice President, Sustainability
mzabaneh@retailcouncil.org

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