Global Environmental Fund Chief Urges Countries to Divest from Nature-Destructive Activities

The CEO of the Global Environment Facility (GEF) has called on countries to stop investing in activities that harm nature, such as the oil and gas industry, in order to effectively tackle biodiversity loss. The GEF is launching a new fund to support developing countries in reaching ambitious nature conservation targets, with the aim of raising $200 million by December. However, the CEO expressed skepticism that countries will divert funds away from harmful activities, highlighting the need for a radical shift in global leadership to address climate change and biodiversity loss.