Global deal on nature finance thwarted in overtime talks at COP16

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THE 16th United Nations Biodiversity Conference, held in Cali, Colombia, was suspended last Saturday as countries failed to agree on the creation of a new global fund for nature, after tense talks that stretched through Friday night.

Establishing the fund was a key demand of developing countries, but the EU, Switzerland and other developed nations raised last-minute objections.

Jiwoh Abdulai, Sierra Leone’s minister of environment and climate change, said: “Two years ago, we made a commitment to do better and be better.

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Article Details

Author / Journalist: Bloomberg News

Category: BusinessStartups

Markets: PhilippinesColombiaSierra LeoneSwitzerland

Topics: Countries Global Biodiversity Conference Fund Nations Nature Talks Cali Finance Cop16

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 12:43:58 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23379076

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 31 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

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