COP16
Biodiversity market takes off at COP16, in shadow of carbon credit chaos
Several new guidelines for biodiversity credits were launched at COP16 in Cali, Colombia, where activists warned on risks to nature conservation efforts
COP16 hands power to Indigenous people but fails to bridge nature finance gap
UN biodiversity summit produces mixed results, with gains for Indigenous people and disagreement on how to raise and manage funding for nature protection
Fossil fuel transition pledge left out of COP16 draft agreement
An earlier draft decision at the UN nature summit included a call to transition away from fossil fuels – but it has been cut from the latest version
At COP16, countries clash over future of global fund for nature protection
Some biodiverse developing nations want to replace it with a new fund that would give them a bigger say in how it’s run and easier access to its resources
It’s time to end the UN’s artificial divide between biodiversity and climate
The biodiversity and climate crises are interlinked – and failing to coordinate our response leaves critical ecosystems like forests and peatlands at risk
Biodiversity finance grew ahead of COP16 but came mostly as loans, says OECD
Funding for efforts to protect and restore nature increased to $15.4 billion in 2022 – mostly driven by concessional loans from multilateral banks