UN nature summit approves two key agreements after marathon negotiations
Summary
Nearly 200 nations approved two agreements at the COP17 biodiversity summit in Yerevan after nearly two weeks of negotiations that ran into overtime. The agreements aim to help countries meet the goal of halting biodiversity loss by 2030, though the final texts were not immediately released.Key Facts
- Delegates adopted the agreements on Friday, October 30, 2026.
- The summit took place in Yerevan, Armenia.
- A 2022 global pact set targets to halt biodiversity loss by 2030.
- The UN warned that countries were falling short on goals such as protecting 30 percent of land and oceans, reducing pollution, and increasing conservation funding for poorer countries.
- Negotiators debated reforming subsidies and other incentives that support activities harmful to nature, including fossil fuels, intensive agriculture, and overfishing.
- Countries also disagreed over where to find additional funding for global conservation.
- The article estimates that restoring ecosystems and protecting species and habitats requires an additional $700 billion per year.
- A draft proposal invited countries outside the developed-country donor group to contribute voluntarily to conservation funding.
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