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COP17 | UN biodiversity summit faces final-day deadlock over $700 billion finance gap and corporate contributions
COP 17 President Hambardzum Matevosyan, Minister of Environment, Armenia. PHOTO/IISD/ENB – Mike Muzurakis.
By PATRICK MAYOYO
newsdesk@africaeconews.co.ke
The 2026 United Nations Biodiversity Conference (COP17) is heading towards its conclusion on Friday amid unresolved disagreements over biodiversity financing, corporate contributions, benefit-sharing and measures to tackle the accelerating loss of nature.
Delegates spent Wednesday in intensive negotiations across multiple contact groups, seeking compromises on key provisions of the Kunming-Montreal Global Biodiversity Framework (GBF), the international blueprint for halting and reversing biodiversity loss.
However, deep divisions over how to mobilise resources, distribute benefits from genetic resources and coordinate environmental policies continued to threaten progress on several critical agenda items.
At the centre of the negotiations is a formidable financial challenge: bridging the estimated $700 billion annual biodiversity fi...
UN biodiversity summit enters crucial final week amid funding disputes and calls for urgent action
From L-R: Kirsty Bryant, CBD Secretariat; and Co-Facilitators of a Friends of the Co-Chairs group on DSI Katie Beckett, UK, and Henry Michael Ndengejeho, Namibia.PHOTO/IISD/ENB – Mike Muzurakis.
By PATRICK MAYOYO
newsdesk@africaeconews.co.ke
The United Nations Biodiversity Conference has entered its decisive final week, with governments facing mounting pressure to bridge funding gaps, reform harmful subsidies and strengthen accountability in the global fight against biodiversity loss.
The 17th Conference of the Parties to the Convention on Biological Diversity (COP 17) is expected to conclude on Friday, following a first week that delivered several adopted decisions and fresh financial pledges worth hundreds of millions of dollars.
The second week, which includes a high-level segment, brings together approximately 1,500 participants, including 140 finance and environment ministers and deputy ministers, to address barriers to implementing the Kunming-Montreal Global Biodiversity Frame...