World leaders urged to ‘course correct’ as UN nature goals fall short
The COP17 summit in Yerevan, Armenia, will assess progress by nearly 200 nations that signed the landmark 2022 ‘Paris Agreement for Nature’ but have been slow to meet its goals.
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.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- World leaders urged to ‘course correct’ as UN nature goals fall short freemalaysiatoday.com
- World leaders urged to 'course correct' as UN nature goals fall short al-monitor.com
