As Canada welcomes the world to the COP 15 (Conference of the Parties) biodiversity conference in Montreal, we continue to work with domestic and international partners to safeguard nature and build a sustainable future for generations to come. Climate resilience, environmental landscape restoration and biodiversity are always top of mind in Canada's inclusive global economic development.
Today, the Honourable Jonathan Wilkinson, Minister of Natural Resources, announced an investment of $18.7 million in support of Scaling-up Nature-Based Leadership Platforms. Through the proven partnerships of the International Model Forest Network in official development assistance (ODA)-eligible countries, this investment will support efforts to scale up forest and landscape restoration, enable inclusive landscape governance and equip the next generation of forest leaders to address the twin crises of climate change and biodiversity loss.
The investment represents an allocation of Canada's five-year $5.3-billion climate finance commitment made in 2021 and toward Canada's commitment that 20 percent of these funds go toward nature-based climate solutions and projects that contribute biodiversity co-benefits.
This investment in the International Model Forest Network will not only help support developing countries in their transition to low-carbon, climate-resilient, nature-positive and inclusive sustainable development but also contribute in part to delivering on Canada's commitments under the Global Forest Finance Pledge and the Forests and Leaders' Partnership.
There is no solution to climate change and terrestrial biodiversity loss that does not involve healthy forest ecosystems. Forest ecosystems and how we sustainably manage forests are a key, nature-based solution to many issues, including climate mitigation, biodiversity loss and increased efforts in conservation.
With forests housing 80 percent of all terrestrial biodiversity, forest and landscape restoration is an important nature-based solution. Canada will continue to take significant steps forward in addressing the twin crises of climate change and biodiversity loss. Canada's climate finance program's aim is to continue to support developing countries' transition to low-carbon, climate-resilient, nature-positive and inclusive sustainable development.
