COP17: Key outcomes agreed at the UN biodiversity conference in Yerevan
At the COP17 biodiversity conference in Yerevan, nations completed a global review of progress toward 2030 nature-loss targets, noting that current efforts are insufficient. The conference also addressed funding gaps for developing nations and selected Ecuador to host COP18.
Why it matters
The failure to meet biodiversity targets poses significant risks to global ecosystems, and the ongoing struggle to secure funding highlights the geopolitical friction in environmental policy.
Share Countries have completed the first “global review” of their progress towards reversing nature loss by 2030 at the COP17 biodiversity talks in Yerevan, Armenia.
The review “notes with deep concern” that, unless action is “rapidly accelerated”, the goal to reverse nature loss and meet a set of 23 targets by 2030 “will not be achieved”.
It “urges” countries to accelerate action, including by “increased ambition in addressing the gaps”.
Much of the discussions in Yerevan focused on how to raise the necessary funds to help developing countries protect nature.
Some major economies pushed to expand the range of nations that are expected to provide finance, with countries agreeing at the end of the two weeks of talks that non-donors that want to contribute can “signal interest” before COP18.
This came after developed countries failed to meet a target to significantly ramp up nature finance over the last few years.
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