Biodiversity-related financing aid to developing countries to be doubled

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A young child plants a seedling in the dirt. (Image used under license from Shutterstock.com)

International financial aid is set to be doubled for biodiversity-related initiatives in developing countries.

The aid is targeting the least developed countries, small island developing states and countries with economies in transition.

It will begin by 2015 and carry through the next five years.

The plan was announced at the conclusion of the 12th meeting of the Conference of the Parties to the Convention on Biological Diversity in Pyeongchang, South Korea.

Delegates attending the two week meeting, agreed on what are called the "Pyeongchang Road Map" and "Gangwon Declaration".

Both documents outline initiatives for the conservation of biodiversity and the elaboration of future sustainable development goals.

Governments also agreed to increase domestic financing for biodiversity and boost funding from other resources.

Daniel Dickinson, United Nations.

Duration: 59"

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