The report stated that only two of 28 developed countries contributed their fair share of an internationally agreed commitment to provide Ksh2.7 trillion ($20 billion) per year in biodiversity finance to developing countries. Some developing countries need funding to help halt and reverse biodiversity loss across the planet. In the landmark 2022 Kunming-Montreal Global Biodiversity Framework (GBF), the world agreed to ambitious targets to combat biodiversity loss. To help achieve the goal, developed countries agreed to collectively contribute at least $20 billion per year to developing countries by 2025. Ruto is among African leaders pushing the World Bank to increase funding for mitigating climate dangers in African nations.

Source: Daily Nation June 20, 2024 10:57 UTC