Global nature talks reach deal but money remains an issue
Summary
Delegates from nearly 200 countries agreed on key parts of a new nature action plan at talks in Yerevan, after negotiations ran past their scheduled end. Countries acknowledged they are falling behind on the 2022 global biodiversity targets, and funding remains a major obstacle to speeding up conservation efforts.Key Facts
- The 2022 Global Biodiversity Framework set 24 targets, including protecting 30% of the world’s land and seas by 2030.
- The UN says the world is on track to meet only one of the 24 targets.
- Scientists say human activity is driving species extinctions at 100 times the natural rate.
- Countries have placed 252 million hectares of degraded land under protection, an area larger than Greenland.
- The 2022 agreement included a goal of spending $30 billion on nature recovery by 2030 and mobilising another $170 billion from private sources.
- More than $1 billion was pledged at the Yerevan meeting; half came from philanthropists, including Leonardo DiCaprio’s Re:wild organisation.
- Delegates discussed cutting subsidies for industries that harm nature, including large-scale fishing.
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