Reuters: Montreal China presented a draught document on Sunday that will help shape any agreement on saving the world's wild places and species as U.N. negotiations on a new global pact to conserve nature enter their last 48 hours.

China is in charge of providing the draught document, based on the last two weeks of negotiations, as the best compromise for parties to discuss moving forward. China is also responsible for holding the presidency of the Montreal summit.

By Monday, ministers from over 200 governments must agree on the specifics. Politicians think that this will offer a foundation for protecting the environment.

similar to that which began with an international agreement to reduce carbon emissions that contribute to global warming reached in Paris in 2015, through 2030.

The text's 23 aims reflect agreement on the 30-by-30 target, which calls for the protection of 30% of land, coastal, and marine regions by 2030. This has come to be regarded as a groundbreaking objective for conservation efforts.

The 30-by-30 target, however, lacks a worldwide objective and just briefly mentions the ocean, which would leave foreign waters unprotected.

Another major issue at the discussions has been how to raise money, and the document suggests allocating $200 billion annually for environmental programmes.

The goal of developing countries was to transfer half of that amount, or $100 billion annually, from developed to developing countries.

It also mentions that monies may be donated voluntarily from any government, which is a gesture to Western nations' desire for wealthy nations like China and Brazil to likewise make financial contributions.

It also mentions that monies may be donated voluntarily from any government, which is a gesture to Western nations' desire for wealthy nations like China and Brazil to likewise make financial contributions.