The United Nations conference on biodiversity (COP16) ended this Saturday in Cali, Colombia, without the participating countries reaching an agreement on the funding roadmap to halt nature destruction by 2030.
Negotiations were suspended this Saturday morning (local time) by the Colombian president of the United Nations summit on biodiversity, Susana Muhamad.
The suspension was due, after another night of discussions, to the loss of the quorum of participants.
This suspension interrupted debates between Brazil, which supported the Colombian proposal to create a new fund for nature, and the European Union, Japan and Canada, who were firmly opposed.
The COP15 biodiversity conference, held in 2022, agreed on the creation of a fund, but its operation has not yet been defined.
In Cali, negotiators spent almost two weeks discussing fundamental issues such as who pays, how much, to what fund and how will the money be distributed.
The summit, which should have ended on Friday, was extended until this Saturday due to tensions between countries over forms of financing.
Source: www.jornaldenegocios.pt
