01/11/2021
At the G7 Leaders’ Summit in Cornwall, G7 leaders have agreed a shared G7 Nature Compact (NC). This is a key agreement which brings G7 countries together to address the most pressing international and interlinked challenges of biodiversity loss and climate change. Leaders have also agreed to review progress against the NC to ensure delivery of its 2030 vision. This next milestone marks a crucial commitment to supporting global consensus and taking bold action for the delivery of ambitious outcomes for nature in 2021.
The G7 NC commits world leaders to: Shift incentives and use all appropriate levers to address unsustainable and illegal activities negatively impacting nature, such as through tackling deforestation by supporting sustainable supply chains, and stepping up efforts to tackle the illegal wildlife trade; Work to dramatically increase investment in nature from all sources and to ensure nature is accounted for in economic and financial decision-making; Support and drive the protection, conservation and restoration of ecosystems critical to halt and reverse biodiversity loss and tackle climate change, such as supporting the target to conserve or protect at least 30% of global land and at least 30% of the global ocean by the end of the decade; Hold themselves to account for taking domestic and global action for nature through driving strengthened accountability and implementation mechanisms of all Multilateral Environmental Agreements to which we are parties.
For the first time, the G7 has committed to fight the loss of biodiversity in the next decade. This is a major step forward on the path to CBD COP15 and COP26 and is a sign of the dedication to accelerate action within the G7 - and beyond - to tackle the interdependent crises of climate change and biodiversity loss. Through existing G7 mechanisms, including at the G7 Leaders’ Summit in five years, the G7 countries will review options to ratchet up action and ambition, as needed, to ensure delivery of the vision for 2030.
Vũ Hồng
(Source: Vietnam Environment Administration Magazine, English Edition III - 2021)
