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COP 16 Set to Resume Work on Biodiversity

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COP 16 Set to Resume Work on Biodiversity

(3 Minutes Read)

Discussions ran out of time (in Colombia), specifically on the finance agenda item, because that was particularly contentious. And after long debates, governments had to head home.  The talks in Rome notably aim to approve a financial strategy of securing USD 200 billion annually by 2030.

The UN Biodiversity Conference, also known as COP16, is set to resume its work in Rome on Tuesday. The conference achieved some significant progress when it last met in Cali, Colombia, in November 2024, but the talks ran out of time.

Discussions ran out of time (in Colombia), specifically on the finance agenda item, because that was particularly contentious. And after long debates, governments had to head home.  The talks in Rome notably aim to approve a financial strategy of securing USD 200 billion annually by 2030.

These funds, if obtained, would go towards initiatives for the protection and conservation of biodiversity around the world. According to the UN, 11 countries and the Government of Quebec have pledged a total sum of USD 400 million.

Another goal of the second part of the conference is the redirection of subsidies that are currently contributing to harming the environment. Achieving these goals is becoming ever more crucial in the face of the current state of biodiversity around the world.

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Global wildlife populations have plunged on average by 73% in 50 years, according to the World Wildlife Fund and the Zoological Society of London biennial Living Planet report in October last year.