United Nations Convention on Biological Diversity (CBD) - Aichi Targets - IE - 12/12/22

Context:
Delegates from 196 countries — Parties to the United Nations Convention on Biological Diversity (CBD) — are meeting in Montreal, Canada from December 7-21 with the aim to hammer out a new global agreement on halting environmental loss.
Relevance:
Prelims - Env
About:
-The Aichi Targets, adopted during the 2010 CBD summit in Nagoya, located in Japan’s Aichi prefecture, included goals such as reducing deforestation by at least half during the coming decade and curbing pollution so that it no longer harmed ecosystems. according to a September 2020 UN assessment, No single country met all 20 Aichi Targets within its own borders.
-India is also a party to the Convention. The convention is legally binding on its signatories.
Only two member states of the United Nations are not Parties to the CBD, namely: the USA and the Vatican.

--->Global Environment Facility (GEF):
The Global Environment Facility (GEF) is a multilateral environmental fund that provides grants and blended finance in developing countries for projects related to:
-biodiversity and climate change,
-international waters,
-land degradation,
-persistent organic pollutants (POPs),
-mercury,
-sustainable forest management,
-food security, and
-sustainable cities.
It is the largest source of multilateral funding for biodiversity globally.
It was established ahead of the 1992 Rio Earth Summit.

-It also supports implementation of the Montreal Protocol on Substances that Deplete the Ozone Layer.