'Governments must address subsidies to extractive and otherwise harmful industries and stop encouraging such business models through trade and investment,' asserts Greenpeace at COP15 biodiversity summit.
"Governments must address subsidies to extractive and otherwise harmful industries and stop encouraging such business models through trade and investment," asserted Greenpeace.
"Biodiversity offsets are not a substitute for real action to stop destruction of nature, just as carbon offsets are not a substitute for real emissions reductions."the European Union announced its support for a proposal at the U.N. biodiversity summit—also known as COP15—to eliminate harmful subsidies by 2025 and redirect the funds toward activities that protect ecosystems.
"As a priority, existing resources need to be used more effectively, including by aligning all financial flows with nature-positive objectives," the European Commission said in a
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