The Japanese government will provide USD2 billion in the next three years to help advance 2010 targets of an international treaty that promotes the conservation of biological diversity.
The funding, which will be channeled through the Life in Harmony initiative, will target projects in the areas of ecosystem conservation, sustainable use of natural resources, and access to genetic resources.
Japan is hosting the 10th Conference of Parties to the Convention of Biological Diversity, which runs from Oct. 19 to Oct. 29.
Meanwhile, the World Bank has unveiled a new global partnership that will help poor nations incorporate economic benefits of ecosystems into national accounting systems.
The Global Partnership for Ecosystems and Ecosystem Services Valuation and Wealth Accounting will demonstrate how nations can quantify the value of ecosystems and their services in terms of income and asset value. It will also help to develop measures to incorporate these values into policymaking and create guidelines for the practical implementation of ecosystem valuation.