COP16 Ends Without Agreement on Global Nature Fund

The conference stalled as wealthy nations blocked a proposed fund for biodiversity restoration, overshadowing other successes.

• The UN's COP16 biodiversity summit in Cali, Colombia, was suspended after rich countries opposed a new fund to aid poorer nations in nature restoration.
• Despite the funding impasse, delegates agreed to create a subsidiary body to ensure Indigenous peoples' participation in biodiversity decisions.
• A voluntary fund was established for sharing profits from digital genetic information, aiming to support countries where the data originates.
• The summit highlighted the urgency of closing a $700 billion annual finance gap needed to meet global biodiversity targets by 2030.
• While the conference recognized the role of Indigenous and Afro-descendant communities in conservation, the lack of financial commitments clouded its achievements.

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