Logjam resolved,biodiversity meet doubles funds for developing world

In return,targets were set to increase the number of developing nations which will include biodiversity conservation as a part of their development and financial plans by 2015. All parties to the convention also promised to increase their own national expenditure on biodiversity. Targets and progress to achieve them will be reviewed at the next COP in South Korea in 2014.

The contentious issue at the meet had been resource mobilisation,with no consensus reached till the final day on Friday by developed and developing nations. After talks broke down on Thursday night,India took it upon itself as the president of COP 11 to find a middle ground.

I think the most important achievement is that we made it our goal to achieve the unfinished work that was done in Japan,which was resource mobilisation, Union Environment Minister Jayanthi Natarajan said.

With PTI inputs