COP16 Tackles Biodiversity Crisis with $700 Billion Funding Gap

World leaders gather in Colombia to address biodiversity loss and explore financial solutions to safeguard ecosystems.

COP16 aims to halt biodiversity decline, with ecosystems vital for carbon storage and climate defense.
Biodiversity loss is driven by land use changes, pollution, invasive species, and climate change.
The UN's Global Biodiversity Framework seeks to protect 30% of land and water by 2030.
A $700 billion annual funding gap is identified, with agriculture as a major contributor to ecosystem decline.
Efforts to close the funding gap include foreign aid, national spending, private sector involvement, and subsidy reform.