Public funding for nature conservation stalls at COP16, eyes on private investment

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

Public funding for nature conservation stalls at COP16, eyes on private investment

CALI, Colombia - Wealthy nations appeared to hit a limit with how much they are willing to pay to conserve nature around the world, instead shifting their focus at the two-week U.N. biodiversity summit toward discussions of private money filling the funding gap.

But there was no consensus as talks dragged on beyond the summit's scheduled end on Friday, during which dozens of delegations departed. By Saturday morning's roll call, there was no longer a quorum among the nearly 200 nations for an agreement to pass, forcing organizers to abruptly suspend the meeting.

Human activities such as farming, mining, and urban development are increasingly pushing nature into crisis, with 1 million or so plant and animal species thought to be at risk of extinction. European governments including Germany and the Netherlands have slashed their foreign aid budgets over the last year, while France and the U.K. are also cutting back.

The response was muted. Nations at COP16 pledged $163 million in contributions to the fund, bringing total contributions to roughly $400 million - far from a major contribution to the $30 billion target from nations by 2030.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 450. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

COP16 Challenge: Turning USD35bn Into USD700bn Of Yearly Finance Flows To NatureWith COP16, the biodiversity COP, kicking off this week, the biggest question on the agenda is how to fund nature recovery and restoration.
Fuente: ForbesTech - 🏆 318. / 59 Leer más »