World falls short on biodiversity funding ahead of UN summit

Nearly 200 countries promised to protect 30% of land and water by 2030 and raise $200 billion yearly, but progress lags far behind with only $75 billion to $92 billion raised annually.

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World falls short on biodiversity funding ahead of UN summit

Nearly 200 countries promised to protect 30% of land and water by 2030 and raise $200 billion yearly, but progress lags far behind with only $75 billion to $92 billion raised annually.

In brief

Nearly 200 countries promised to protect 30% of land and water by 2030 and raise $200 billion yearly, but progress lags far behind with only $75 billion to $92 billion raised annually. Countries are falling short of biodiversity funding commitments ahead of COP seventeen in Yerevan, with current progress protecting…

The funding gap widens

Nearly two hundred countries promised to raise two hundred billion dollars yearly by twenty thirty for biodiversity, but data shows they are raising only seventy five to ninety two billion dollars annually from twenty twenty…

Montreal deal sets 30×30 target

In twenty twenty two, countries committed to protect thirty percent of land and water important for biodiversity by twenty thirty, known as thirty by thirty, and to phase out harmful subsidies worth five hundred billion…

Progress report shows shortfall

Progress report shows shortfall

A UN progress report released Thursday found fewer than half of parties' biodiversity targets are on track and current commitments would only protect twenty six percent of land and twelve percent of sea by twenty…

Executive secretary warns of pace

Astrid Schomaker, convention executive secretary, told the Associated Press we are not moving fast enough on biodiversity commitments ahead of the COP seventeen summit.

“We're not moving fast enough”

Climate and development drive loss

Three quarters of the world's land has been severely altered by humans and a million plants and animals are threatened with extinction.

Some countries show progress

Countries in Latin America have committed to protecting twenty nine percent of their land while those in Oceania have promised to preserve forty one percent of their seas.

Developing nations need financial help

Many developing countries with significant biodiversity cannot finance protection while funding healthcare, education and infrastructure. Daniel Mukubi, biodiversity negotiator for Congo, said overseas development assistance has dropped significantly, weakening law enforcement.

Subsidies dwarf conservation spending

Governments spend an estimated seven point three trillion dollars annually on subsidies that harm nature, about thirty times more than what was invested in nature based solutions in twenty twenty three.

COP seventeen begins Monday

The biodiversity conference starts Monday in Yerevan, Armenia and runs until October thirtieth.Nearly two hundred countries will assess progress on twenty three global targets and discuss how to close the funding gap for nature protection.

What matters most

Countries are falling short of biodiversity funding commitments ahead of COP seventeen in Yerevan, with current progress protecting only twenty six percent of land and twelve percent of sea by twenty thirty instead of the promised thirty percent.

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