COP17: Developed countries ‘fall far short’ of UN targets for nature finance
The amount of finance for nature delivered to date “falls far short” of what is needed to meet the UN’s… The post COP17: Developed countries ‘fall far short’ of UN targets for nature finance appeared first on Carbon Brief .
A report released ahead of the COP17 biodiversity summit indicates that the amount of finance for nature being delivered falls far short of what is needed to meet the UN's global goals. According to the UN Convention on Biological Diversity (UN CBD), developed nations are failing to close the $200bn "biodiversity finance gap". Initiatives designed to support this goal, such as a special "framework" fund for biodiversity and the landmark Cali Fund, have received significantly less than the required amounts.
With COP17 negotiations set to begin on 19 October in Yerevan, Armenia, the availability of finance is expected to be a major point of contention. The goal set at COP15 in 2022 to close a $700bn "biodiversity finance gap" by 2030 has not been achieved.
Brief written by urgent.news from Carbon Brief's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
