‘Change is coming’: UN units out Paris-style plan to chop extinction charge tenfold | Biodiversity

Eliminating plastic pollution, reducing pesticide use by two thirds, halving the introduction rate of invasive species and eliminating harmful environmentally harmful government subsidies amounting to 500 billion in biodiversity loss.

The goals of the UN Convention on Biological Diversity (CBD), which should help stop and reverse the ecological destruction of the earth by the end of the decade, also include protecting at least 30% of the world’s oceans and land and the Providing a third of the climate crisis mitigation through nature by 2030.

The newest design the agreement based on grueling virtual scientific and financial Negotiations in May and June, is under consideration by the governments ahead of an important summit in the Chinese city of Kunming, where the final text will be negotiated.

In addition to the draft targets for 2030, the new goals for the middle of the century include a tenfold increase in the current rate of extinction, the improvement of the integrity of all ecosystems, the appreciation of nature’s contribution to humanity and the provision of the financial means to make the vision a reality.

The Guardian assumes that the summit planned for October is expected to be postponed a third time due to the coronavirus pandemic. It is now expected to take place in Kunming in the first half of 2022, subject to personal preparatory negotiations that could take place in Switzerland at the beginning of next year.

Basile van Havre, co-chair of the CBD working group responsible for drafting the agreement, said the goals were based on the very latest in science. He added that if adopted, it could mean a significant change in global agriculture.

“Change is coming [in food production], “he said.” In 10 years there will be a lot more of us and they need to be fed, so it’s not about decreasing activity levels. It’s about increasing performance and doing better for nature.

“Halving the nutrient runoff, reducing the use of pesticides by two thirds and eliminating plastic discharge: that’s great. I am sure they will raise some eyebrows as they represent significant changes, especially in agriculture. “

Last month, Van Havre warned that the time was running out for an ambitious deal in Kunming, part of a decade-long goal to live in harmony with nature by 2050.

scientist have warned that humanity is causing the sixth mass extinction in the history of the planet, fueled by excessive resource depletion and overpopulation. One million species are threatened with extinction mainly from human activities. according to the UN assessment threatening the healthy functioning of ecosystems that produce food and water.

The plan includes the goal of protecting 30% of the world’s oceans by 2030. Photo: Soumyabrata Roy / NurPhoto / REX / Shutterstock

In the latest series of 21 goals to be negotiated in Kunming, nature-based solutions such as the restoration of moors and the introduction of regenerative agriculture will contribute at least 10 GtCO2e (gigatons of carbon dioxide equivalent) per year to efforts to contain the global climate crisis – about one Third of the required annual emission reductions of 32 GtCO2e, as in the Emissions gap report of the UN Environment Program 2020 – while at the same time ensuring that there are no negative effects on biodiversity.

“We wanted [the contribution of nature] into an absolute number. We don’t control what’s going on on the climate change agenda, but science tells us we can bring that into the issues, ”said Van Havre. “The challenge will be how we carry out the carbon footprint.”

Other goals include restoring freshwater and marine habitats, conserving the genetic diversity of wild and domesticated species, increasing financial flows to developing countries, improving business information disclosure about how their activities are damaging the environment, and respecting the rights of indigenous communities in decision-making about biodiversity.

Prof. Sir Robert Watson, who previously headed the United Nations Scientific Organizations on Climate and Biodiversity and held various senior positions in the UK government, NASA, the World Bank and the US government, welcomed the draft targets but cautioned that some are unrealistic and difficult to measure. Governments Failed to fully achieve the goals of curbing natural destruction for consecutive decades, including the goals for the 2010s as Aichi goals.

“Overall, the paper recognizes and deals with all key issues, as well as the 20 Aichi goals. The question is whether governments can set appropriate national targets and regulatory and legal frameworks so that other actors, particularly the private sector and financial institutions, can do their part, ”said Watson.

“I would have liked the paper to have explicitly recognized that the issues of biodiversity, climate change and land degradation had to be tackled together and that the goals, specifications and measures of the three conventions had to be developed and harmonized together.”

The goals and objectives now have to be negotiated in face-to-face meetings, where they are updated based on feedback from the national governments. Once the agreement is reached, the final agreement will be adopted by the 196 contracting parties to the CBD.

Elizabeth Maruma Mrema, Executive Secretary of the CBD, said, “Urgent policies are needed at the global, regional and national levels to transform economic, social and financial models in ways that change the trends that have exacerbated biodiversity loss , stabilize by 2030 and the recovery of natural ecosystems in the next 20 years, with net improvements by 2050. “

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Robinhood says restrictions on GameStop resulting from tenfold improve in clearinghouse deposit necessities

The Robinhood application on a smartphone.

Bloomberg | Bloomberg | Getty Images

Online broker Robinhood announced that it has placed temporary purchase restrictions on a small number of stocks as the deposit requirements for stocks imposed by the Wall Street clearinghouse have increased tenfold.

The decision of Robinhood, a pioneer and app for free trade popular with retail investors, was scrutinized by its customers over the past week.

“It wasn’t because we wanted to stop people from buying these stocks,” said Robinhood said in a blog post published late Friday.

“We did this because the amount required to deposit into the clearing house was so large – with individual volatile securities adding up to hundreds of millions of dollars in deposit requirements – that we had to take steps to purchase them limit volatile stocks to ensure this could comfortably meet our requirements, “it continued.

Amateur Investors Using Robinhood and Other Apps Offer sharply abbreviated stocks and causes GameStop Shares rose 400% over the past week, causing significant losses for hedge funds, which sold the shares short.

Robinhood first announced to investors that they couldd only sell and not buy certain stocks of certain companies that caught the attention of retailers on Reddit. With the online broker, customers can now only buy a single GameStop share. All in all 50 stocks are now limited to the stock trading app.