France welcomes the historic agreement reached today at the COP15 in Montreal. The protections it provides for biodiversity are unprecedented.
As Minister for Europe and Foreign Affairs Catherine Colonna observed, France played an active role in establishing this necessary level of ambition. We are committed to the multilateral negotiation process that enabled us to reach a fair, global, workable agreement.
The text adopted under the Chinese presidency features an implementation mechanism that includes regular reports on the collective achievement of the goals contained in the agreement. It maintains the target of protecting 30% of the planet's land and oceans by 2030 ? a target supported by France ? and proposes to make new financial resources available for the countries of the Global South: $20 billion by 2025 and $30 billion by 2030.
At the COP15, France ? which made the preservation and sustainable management of forests a priority ? launched preparations for the One Forest Summit to be held in Libreville in 2023. That event was announced by the French and Gabonese presidents at the COP27. France will also host a ?New Financial Covenant? summit next June.