Fundraising to protect key natural sites falls short ahead of UN biodiversity summit
Summary
Countries have promised to raise large amounts of money and protect land and water to save nature, but current funding and protection efforts are not enough to meet the goals set for 2030. The U.N. biodiversity summit in Armenia will focus on how to close the gap between what countries have pledged and what has been achieved.Key Facts
- Nearly 200 countries will meet at the COP17 biodiversity conference in Yerevan, Armenia.
- The goal is to protect 30% of important land and water by 2030, known as the 30x30 target.
- Countries pledged to raise $200 billion annually by 2030 for biodiversity protection but have raised less than half of this amount so far.
- There is also a goal to reduce harmful subsidies by $500 billion, but progress on this is very limited.
- Funding to help poor countries protect nature is on track, with about $19 billion raised in 2024.
- Biodiversity is declining worldwide due to human activities like farming, fishing, and climate change.
- Wildlife populations have dropped by an average of 73% between 1970 and 2022.
- Some regions, like Latin America and Oceania, have made significant commitments toward protecting land and seas.
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