At a crucial UN Biodiversity Conference in Cali, Colombia, governments are on a mission to identify a whopping $700 billion each year to help restore nature 🌎. But here's the twist: while searching for funds, countries are simultaneously spending trillions on subsidies that harm the environment, funneling money into fossil fuels, unsustainable agriculture, and overfishing 🛢️🌽🐟.
The United Nations Development Programme (UNDP) is shining a spotlight on this contradiction. They're offering guidance on how to reallocate these so-called 'harmful subsidies' to more eco-friendly initiatives 🌱. By redirecting funds, governments can make significant strides toward meeting UN environmental protection targets.
From the vibrant city of Cali, UNDP Director of Policies Marcos Neto shared insights on this hidden drain of resources. \"It's like pouring water into a bucket with holes,\" Neto explained. \"We need to patch the leaks by investing wisely.\" 💡
The UNDP's proposal isn't just about cutting funds—it's about smarter spending. By backing sustainable fishing, green energy, and eco-friendly farming, we can protect biodiversity and support communities simultaneously 🤝.
Time to flip the script! Instead of financing practices that harm our planet, let's invest in a sustainable future that benefits everyone 🌍✨.
Reference(s):
cgtn.com
