World leaders urged to 'course correct' as UN nature goals fall short
Nations are steeling for a disappointing report card at this month's UN biodiversity summit, with governments falling short on their commitments to protect the plants, animals and ecosystems that sustain life on Earth. The so-called COP17 summit in the Armenian capital, Yerevan, will be a reckoning for the nearly 200 nations that joined the landmark "Paris Agreement for Nature" in 2022 but have…
Nations are preparing for a disappointing report on their efforts to protect the environment at the UN biodiversity summit in Yerevan this month. The summit, known as COP17, will assess the progress of nearly 200 countries that agreed to the Paris Agreement for Nature in 2022, but are falling short of their commitments to halt and reverse nature loss by 2030.
The summit comes at a critical moment, with only 27% of land and inland waters and 12% of oceans expected to be protected by the end of the decade if current pledges are fully implemented. Money is a major obstacle to achieving the biodiversity goals, with wealthy countries lagging behind a pledge to raise $200 billion a year for biodiversity by 2030.
The US, which is not a party to the biodiversity convention, is not involved in the talks. Attention at the Yerevan summit will focus on how the private sector can fill the funding gap, with the Cali Fund, a UN initiative aimed at raising $1 billion a year from corporations for conservation in developing countries, only attracting $6,000 so far.
Reforming subsidies, which currently amount to $500 billion a year in incentives that harm nature, is also a major challenge.
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- World leaders urged to ‘course correct’ as UN nature goals fall short freemalaysiatoday.com
