Colombian Setting Minister and COP16 president Susana Muhamad (C) speaks throughout the opening ceremony of the COP16 summit in Cali, Colombia, on October 21, 2024. The world’s greatest nature safety convention opened in Colombia Monday with its president calling for pressing motion and financing to reverse humankind’s voracious destruction of biodiversity. “The planet doesn’t have time to lose,” Colombian Setting Minister and COP16 president Susana Muhamad instructed delegates from about 196 nations at a plenary session. (Picture by JOAQUIN SARMIENTO / Agence France-Presse)
CALI, Colombia — The Colombian host and president of the UN’s COP16 biodiversity summit mentioned Wednesday she anticipated “main bulletins” quickly relating to negotiations to extend funding and political dedication towards the destruction of nature.
The sixteenth Convention of the Events (COP16) to the UN Conference on Organic Variety (CBD) opened Monday within the metropolis of Cali with the pressing activity of devising methods to make sure 23 UN targets agreed upon two years in the past will be met by 2030 to “halt and reverse” species loss.
Giving an replace on progress, Colombian Setting Minister Susana Muhamad mentioned in an announcement there have been nonetheless “essential variations between the events” on “useful resource mobilization.”
Nevertheless, “a strategy has already been agreed upon to deal with (the variations), and I feel that is constructive,” she mentioned.
“There’s nice expectation that within the coming days, there can be main bulletins of settlement between the events,” the minister added.
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About 23,000 delegates, together with some 100 authorities ministers and 7 heads of state, are accredited for what’s the largest-ever biodiversity COP, working till November 1 and themed “Peace with Nature.”
With about 1,000,000 recognized species worldwide estimated to be susceptible to extinction, delegates have their work lower out for them.
There are solely 5 years left to realize the goal of putting 30 p.c of land and sea areas below safety by 2030.
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On Sunday, UN chief Antonio Guterres urged nations to “convert phrases into motion” and fatten the World Biodiversity Framework Fund (GBFF) created final yr to satisfy the UN targets.
Thus far, nations have made about $250 million in commitments to the fund, in accordance with monitoring businesses.
Underneath the Kunming-Montreal World Biodiversity Framework (GBF) finalized in 2022, nations should mobilize not less than $200 billion per yr by 2030 for biodiversity, together with $20 billion per yr by 2025 from wealthy nations to assist growing ones.
A key objective of the COP is to agree on a mechanism for sharing the earnings of genetic info taken from vegetation and animals — for medicinal use for example — with the communities they arrive from.
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Muhamad mentioned negotiations on this regard “are progressing at an excellent tempo.”
