Commentary will no doubt continue – here is the RSPBs take on the compact

Government sets out commitments to biodiversity and sustainability in G7 Nature Compact

G7 leaders have agreed commitments to halt and reverse biodiversity loss by 2030, and tackle deforestation, marine litter and illegal wildlife trade.

From:

Defra: ‘Today (Sunday 13th June) G7 leaders have agreed commitments to halt and reverse biodiversity loss by 2030, and tackle deforestation, marine litter and illegal wildlife trade.

At the G7 Leaders’ Summit in Cornwall, countries have come together and agreed a shared G7 Nature Compact. This is a key agreement which brings G7 countries together to address the most pressing international and interlinked challenges of biodiversity loss and climate change. Leaders have also agreed to review progress against the Nature Compact to ensure delivery of its 2030 vision.

This next milestone marks a crucial commitment to supporting global consensus and taking bold action for the delivery of ambitious outcomes for nature in 2021. Climate change is one key driver of biodiversity loss, and protecting, conserving and restoring biodiversity is crucial to addressing climate change.

The G7 Nature Compact commits world leaders to:

• Shift incentives and use all appropriate levers to address unsustainable and illegal activities negatively impacting nature, such as through tackling deforestation by supporting sustainable supply chains, and stepping up efforts to tackle the illegal wildlife trade
• Work to dramatically increase investment in nature from all sources, and to ensure nature is accounted for in economic and financial decision-making – for instance, through drawing on the Dasgupta Review for key actions
• Support and drive the protection, conservation and restoration of ecosystems critical to halt and reverse biodiversity loss and tackle climate change, such as supporting the target to conserve or protect at least 30% of global land and at least 30% of the global ocean by the end of the decade
• Hold themselves to account for taking domestic and global action for nature through driving strengthened accountability and implementation mechanisms of all Multilateral Environmental Agreements to which we are parties’

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