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Governments from around the world are already preparing for the 15th Conference of the Parties (COP15) to the Convention on Biological Diversity in Kunming, China. This is no ordinary gathering: its goal will be to conclude a new policy framework on biodiversity that works for all member states.Although the CBD adopted the Aichi Biodiversity Targets in 2010, the international community has been decidedly ineffective in achieving them. Some countries that host vast extensions of rainforests spend up to 100 times more on subsidies that cause deforestation than on aid to prevent it, and the global picture may be even worse in other latitudes.As matters stand, the international community is doing nothing about this issue.While carbon prices in voluntary markets averaged $3 per ton of CO2 equivalent in 2016, the global price should be in the order of $40 per ton if we are to meet the reduction targets under the 2015 Paris climate accord.Although conservation programs are a domestic matter for national governments, the target should be framed as a multilateral benchmark, given that biodiversity loss is a shared problem.
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