Climate

COP17: Key outcomes agreed at the UN biodiversity conference in Yerevan

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Briefings

At COP17 in Yerevan, Armenia, delegates agreed to a 'super, mega-delicate' text for financing the Kunming-Montreal Global Biodiversity Framework. While countries signaled interest in emerging economies before COP18, the text deferred a permanent financial mechanism to COP18. The review noted a 27% decline in environmental funding for 2026-30 and failed to meet the $20bn annual target, leaving the biodiversity finance gap unresolved.

Key points

• Countries agreed to a 'super, mega-delicate' text for financing the Kunming-Montreal Global Biodiversity Framework, deferring a permanent financial mechanism to COP18.
• The review noted a 27% decline in environmental funding for the 2026-30 period, failing to meet the $20bn annual target.

Context

COP17 in Yerevan marked the halfway point of the Kunming-Montreal Global Biodiversity Framework, with discussions dominated by a push to broaden the contributor base for nature finance. The UN biodiversity convention requires developed countries to provide new financial resources, though the specific list was last amended in 2006.

Limitations

Evidence is truncated at the end of the source text, cutting off details on specific options for expanding the contributor base and the final outcomes of the negotiations.

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