Colombian Surroundings Minister and COP16 president Susana Muhamad (C) speaks through 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 Surroundings Minister and COP16 president Susana Muhamad instructed delegates from about 196 international locations 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 in opposition to the destruction of nature.
The sixteenth Convention of the Events (COP16) to the UN Conference on Organic Range (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 might be met by 2030 to “halt and reverse” species loss.
Giving an replace on progress, Colombian Surroundings Minister Susana Muhamad mentioned in a press release 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 optimistic,” she mentioned.
“There’s nice expectation that within the coming days, there might 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, operating till November 1 and themed “Peace with Nature.”
With about one million identified species worldwide estimated to be vulnerable to extinction, delegates have their work reduce out for them.
There are solely 5 years left to attain the goal of inserting 30 p.c of land and sea areas beneath safety by 2030.
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On Sunday, UN chief Antonio Guterres urged international locations to “convert phrases into motion” and fatten the International Biodiversity Framework Fund (GBFF) created final 12 months to satisfy the UN targets.
To date, international locations have made about $250 million in commitments to the fund, in response to monitoring businesses.
Beneath the Kunming-Montreal International Biodiversity Framework (GBF) finalized in 2022, international locations should mobilize no less than $200 billion per 12 months by 2030 for biodiversity, together with $20 billion per 12 months by 2025 from wealthy nations to assist growing ones.
A key purpose of the COP is to agree on a mechanism for sharing the income of genetic info taken from vegetation and animals — for medicinal use as an example — with the communities they arrive from.
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Muhamad mentioned negotiations on this regard “are progressing at a very good tempo.”
