In the sequel to the UN Nature Meeting, agreement on the financial issues in the dead end

The protesters carry the UN flag and use animal masks in their protest. In the foreground, the pork head folded from cardboard. — Environmental activists gathered in Rome at the time of the COP16 Nature Meeting.

According to the Ministry of the Environment, the steps were agreed in Rome, which will be taken at the following nature meetings and between them to improve and increase funding.

In the sequel to the UN Nature Meeting, an agreement was reached on the development of funding supporting biodiversity. The countries are also suitable for reporting, monitoring and evaluating the implementation of nature objectives.

Emerging and rich states made a compromise on financial issues at a meeting in Rome.

According to a news release from the Ministry of the Environment, the steps were agreed in Rome, which will be taken at the following nature meetings and between them to improve and increase funding. In addition, the current financial system will be evaluated and its efficiency will be improved.

– Financial flows from different sources must be more effectively directed to nature work. Harmful subsidies need to be addressed, and impressive funding to strengthen nature must be obtained in the future by new means and expanding the funding base, Multala says.

“Concrete steps about goals”

The countries agreed on the current temporary financial mechanism of the agreement, the world’s environmental fund to support international biodiversity measures. Future nature meetings will decide whether to make a funded financial mechanism for the implementation of the contract.

This week, the parties to the UN Biodiversity Agreement gathered in Rome, the Italian capital, to continue negotiating matters that were opened last November at the COP16 meeting in Cal, CAL.

The next UN Nature Meeting COP17 will be held in Armenia in 2026.

*Source: AFP*