Overview

• The resumed talks in Rome aim to address unresolved financial and implementation issues from last November’s COP16 meeting in Colombia.
• Key discussions include establishing a global financing mechanism and ensuring fair distribution of biodiversity funds, especially to developing nations.
• Current pledges fall far short of the $20 billion annual funding goal by 2025, raising concerns about meeting the 2030 biodiversity targets.
• Developing countries have called for a new, more accessible funding system, citing difficulties with the existing Global Environment Facility.
• The meeting is seen as pivotal for restoring trust in the UN biodiversity process and making progress on global nature conservation goals.