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“SA stands ready to participate and share our experiences in the process to develop the mechanism,” Modise said.
“Benefit sharing” and “digital sequence information” are among 23 targets in the landmark deal for nature, which were adopted at the summit to rousing applause.
Director-general of the department of forestry, fisheries and the environment, Nomfundo Tshabalala, said getting the framework adopted and finding a solution on benefit sharing and resource mobilisation were critical strategic issues for SA — which has made strides forward in all of them.
“The African group of nations is very clear that we have to be ambitious on resource mobilisation. We have to have the commensurate funding mechanisms to achieve the targets we are setting,” she said.
The Global South and wealthier countries clashed at the summit over the creation of a new global biodiversity fund. “A compromise was reached calling for the Global Environment Fund to further reform its operations to ensure adequacy, predictability and timely flow of funds,” Modise said.
“SA played a significant role in facilitating the strategy on resource mobilisation adopted to complement the implementation of the fund.”
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