by Javed baloch source: News agencies
images source: Unsplash
COP16 in Cali, Colombia, saw a few very positive outcomes, notably giving Indigenous Peoples and people of African descent a rightful role in decision-making regarding nature conservation and establishing a global fund from nature's genetic data.
However, it failed to deliver on multiple key issues. The top unresolved issue is the implementation of the Kunming-Montreal Global Framework for Biodiversity, which was adopted during COP15 in Canada with the aim of reversing biodiversity loss by 2030.
Another key issue that remained unresolved was the lack of an adequate financial model required for biodiversity conservation and restoration.
According to experts, the world needs an annual fund of at least $700 billion to implement the framework and pursue the goals of 30 x 30 by 2030.
The UN Biodiversity Summit also failed to establish a monitoring mechanism to measure the progress made by countries in implementing the biodiversity framework.
COP16 is the largest biodiversity summit. In general Biodiversity Summit takes place every two years. It is officially known as the 16th Conference of the Parties to the UN Convention on Biological Diversity. It was held in Cali, Colombia, from October 21 to November 1, 2024.