Budget 2023 delivers important new investments to advance nature goals

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Budget 2023 delivers important new investments to advance nature goals, but new subsidies to industry could hinder progress

Canada’s first budget since the signing of the Kunming-Montreal Global Biodiversity Framework at COP15 last December includes almost $2.5 billion in new funding to advance Canada’s commitment to halt and reverse nature loss by 2030.

Nature Highlights in Budget 2023:

• $1.1 billion to conserve and protect nature in Canada and around the world, including $800 million to support up to four Indigenous-led conservation initiatives, to advance Canada’s commitment to protect 30% of land and water by 2030

• $650 million to clean up and restore the Great Lakes and other lakes and rivers across Canada

• $450 million in total to protect whales, reduce the ocean impacts of shipping, and protect fish and fish habitat as key follow-up actions to IMPAC5

• $350 million for international biodiversity conservation work in the global south as announced at COP 15

Budget 2023 delivers important new investments to advance nature goals, but new subsidies to industry could hinder progress - Nature Canada