Countries discussed evolving a financial mechanism for implementing biodiversity conservation at the ongoing International Conference on Biodiversity in Hyderabad today. The meeting of member countries of the UN Convention on Biodiversity, known as CoP11, has discussed on the second day today, the setting up of short term targets in the implementation of the UN Biodiversity Strategic Plan. Member countries also discussed imposing payment for utilizing ecosystem services and providing incentives to conservation activities. Many countries advocated prioritizing programmes to be taken up to achieve biodiversity goals.
The countries also discussed immediate steps to be taken up to restore conservation of Marine and Coastal biodiversity. Concerns have been raised over the quick degradation of marine biodiversity and various ecosystems relating to the oceans. The countries advocated identifying ecologically and geographically significant areas so that concerted efforts may be made to conserve them. Most countries also stressed the need to involve local Fishermen communities and organizations.