The Kunming-Montreal Global Biodiversity Framework aims to phase out $500 billion in harmful subsidies by 2030 and mobilize $200 billion annually for biodiversity conservation. Image: Alonso Reyes/Unsplash When governments allocate money, they send a message. The power of that message ripples through economies, often triggering a wave of private spending. That effect rings true for biodiversity, on which governments have long made their message clear: Companies and citizens should feel free to prioritize activities that destroy our planet rather than sustain it. Governments spend at least $1.8 trillion on environmentally harmful subsidies each year. That $1.8 trillion leads to another $5 trillion in private funding to the same deleterious industries ' fossil fuel extraction, mining, commercial fishing, and industrial agriculture. The result is that nearly 7% of global GDP is dedicated to wrecking our natural world. Carlos Manuel Rodriguez, CEO of the Global Environment Facility, put...
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