Developed world should provide finance for biodiversity conservation: BRICS nations

New Delhi: Leaders of BRICS countries on Saturday urged developed nations to provide financial resources to the developing world for the conservation and sustainable use of biodiversity.

For this purpose, developed countries should also help in improving capacity building and development of technology, the leaders said in the New Delhi Declaration 2026.

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"We underscore the importance of the conservation and sustainable use of biodiversity, of the fair and equitable sharing of benefits arising from the utilisation of genetic resources," the declaration said.

It also highlighted the critical role of all types of forests, including boreal and tropical forests, for conserving biodiversity, water basins and soils.

The leaders said they encourage sharing best practices supporting sustainable forest management and restoration.

Moreover, they welcomed the adoption of two compendiums for Integrated Landscape-Based Greening and Land Restoration, and the Common Understanding for Wildfire Preparedness and Response across BRICS countries.

The first compendium brings together experiences, good practices and policy approaches from the BRICS member countries in addressing the interconnected challenges of land degradation, desertification, biodiversity loss and climate change.

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The second one is a shared vision on fire management, spanning prevention and preparedness, early warning and early action, and response and recovery.

"We are committed to integrated protection and systematic management of mountains, water resources, forests, peatland and mangroves, farmlands, grasslands and deserts for holistic ecosystem restoration," the leaders said in the declaration.