The Japan Times - Talks on halting nature loss enter extra time in Colombia

EUR -
AED 4.120156
AFN 72.364884
ALL 90.803943
AMD 404.528384
ANG 2.007949
AOA 1029.898611
ARS 1734.077131
AUD 1.621035
AWG 2.022213
AZN 1.906081
BAM 1.955937
BBD 2.253758
BDT 138.979752
BGN 1.960881
BHD 0.42253
BIF 3354.750342
BMD 1.121894
BND 1.432207
BOB 13.298696
BRL 6.180617
BSD 1.118979
BTN 105.025369
BWP 15.374599
BYN 3.350535
BYR 21989.116896
BZD 2.250558
CAD 1.584148
CDF 2570.258612
CHF 0.919678
CLF 0.027618
CLP 1086.958598
CNY 7.486172
CNH 7.481113
COP 3675.536984
CRC 506.835563
CUC 1.121894
CUP 26.855884
CVE 110.270772
CZK 24.341896
DJF 199.263982
DKK 7.475391
DOP 68.084777
DZD 152.624682
EGP 60.451115
ERN 16.828406
ETB 180.792892
FJD 2.526282
FKP 0.835984
GBP 0.834594
GEL 2.90596
GGP 0.835984
GHS 13.075684
GIP 0.835984
GMD 83.020251
GNF 9913.739794
GTQ 8.5506
GYD 234.582278
HKD 8.799058
HNL 30.074574
HRK 7.59411
HTG 146.670291
HUF 362.320075
IDR 20262.354178
ILS 3.543827
IMP 0.835984
INR 104.947573
IQD 1699.668985
IRR 2134162.158274
ISK 137.16221
JEP 0.835984
JMD 177.762473
JOD 0.795385
JPY 177.333286
KES 145.756022
KGS 98.109695
KHR 4566.320402
KMF 492.511066
KPW 1009.704304
KRW 1510.529067
KWD 0.348718
KYD 0.932565
KZT 502.045227
LAK 25242.608639
LBP 100206.73114
LKR 372.066107
LRD 190.233348
LSL 18.477482
LTL 3.31266
LVL 0.678622
LYD 7.190505
MAD 10.932472
MDL 20.170415
MGA 5155.101381
MKD 61.541364
MMK 2355.63634
MNT 4040.44421
MOP 9.037734
MRU 45.421187
MUR 52.76234
MVR 17.288641
MWK 1940.336146
MXN 20.784538
MYR 4.548717
MZN 71.700386
NAD 18.477574
NGN 1510.069344
NIO 41.083519
NOK 10.545145
NPR 168.037795
NZD 1.990812
OMR 0.43133
PAB 1.119079
PEN 3.85047
PGK 5.036742
PHP 70.770227
PKR 310.314733
PLN 4.385572
PYG 6994.490778
QAR 4.090487
RON 5.342349
RSD 117.608052
RUB 92.555869
RWF 1655.516162
SAR 4.218787
SBD 9.084309
SCR 16.429785
SDG 674.81632
SEK 10.994205
SGD 1.434341
SHP 0.834773
SLE 25.747516
SLL 23525.555278
SOS 639.544875
SRD 42.129343
STD 23220.934893
STN 24.501719
SVC 9.791687
SYP 14586.861783
SZL 18.395799
THB 37.502602
TJS 10.272421
TMT 3.937847
TND 3.374093
TOP 2.701251
TRY 56.347225
TTD 7.589533
TWD 36.871595
TZS 2967.406681
UAH 50.976387
UGX 4582.239831
USD 1.121894
UYU 45.123166
UZS 13422.941839
VES 1006.540888
VND 28695.797549
VUV 134.628489
WST 3.11898
XAF 655.957
XAG 0.021165
XAU 0.000272750831
XCD 3.031974
XCG 2.016742
XDR 0.793237
XOF 655.957
XPF 119.331742
YER 265.336214
ZAR 18.376058
ZMK 10098.392022
ZMW 22.743596
ZWL 361.24932
SSP 6446.193262
MXV 2.33655
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Talks on halting nature loss enter extra time in Colombia
Talks on halting nature loss enter extra time in Colombia / Photo: Luis ACOSTA - AFP

Talks on halting nature loss enter extra time in Colombia

Negotiations at the world's biggest nature conservation conference entered extra time in Cali, Colombia, on Friday as talks deadlocked on funding for efforts to "halt and reverse" species loss.

Text size:

A closing plenary session, scheduled for 6:00 pm Colombian time (2300 GMT), had not started more than three hours later as smaller groups of negotiators huddled behind closed doors in a bid to iron out their differences.

The 16th Conference of Parties (COP16) to the UN's Convention on Biological Diversity (CBD) opened on October 21 and was scheduled to close Friday, though many are now steeling themselves for a late night.

The conference, the biggest-ever meeting of its kind with some 23,000 registered delegates, is a follow-up to an agreement reached two years ago in Canada.

The Kunming-Montreal Global Biodiversity Framework that emerged from COP15 identified 23 targets to halt humankind's rapacious destruction of nature's bounty.

These included placing 30 percent of land and sea areas under protection and 30 percent of degraded ecosystems under restoration by 2030, reducing pollution, and phasing out agricultural and other subsidies harmful to nature.

It had agreed on $200 billion per year to be made available to protect biodiversity by 2030, including $30 billion per year from rich to poor nations.

- 'Cali Fund' -

COP16 was tasked with assessing, and accelerating, progress.

But negotiations on funding have failed to advance, observers and delegates say, even as new research presented this week showed that more than a quarter of assessed plants and animals are now at risk of extinction.

The Colombian presidency of the summit proposed a raft of last-minute draft texts for negotiators to consider as a way to end the stalemate.

One option was for talks on financing to continue after the summit -- and until the next one in Armenia in 2026 -- to find a "comprehensive financial solution to close the finance biodiversity gap."

Such talks would also assess the viability of creating a new, dedicated biodiversity fund -- a key demand from developing countries who say they are not represented in existing mechanisms, which are also too onerous.

- 'Cali Fund' -

Another point of contention is on how best to share the profits of digitally sequenced genetic data taken from animals and plants with the communities they come from.

Such data, much of it from species found in poor countries, is notably used in medicines and cosmetics that can make their developers billions.

COP15 in Montreal had agreed on the creation of a "multilateral mechanism" for sharing the benefits of digitally sequenced genetic information -- abbreviated as DSI -- "including a global fund."

But negotiators still need to resolve such basic questions as who pays, how much, into which fund, and to whom the money should go.

In a draft text for negotiators, the COP16 presidency proposed creating a new "Cali Fund" for the equitable sharing of DSI benefits.

Negotiators also remain stuck on the nature of a mechanism for monitoring progress toward the UN goals.

- 'Everyone has to cede' -

On Thursday, COP16 president Susana Muhamad, Colombia's environment minister, said the negotiations were "very complex."

UN chief Antonio Guterres, who stopped over in Cali for two days this week with five heads of state and dozens of ministers to add impetus to the talks, reminded delegates that humanity has already altered three-quarters of Earth's land surface and two-thirds of its waters.

"The clock is ticking. The survival of our planet's biodiversity -- and our own survival -- are on the line," he said.

Representatives of Indigenous peoples and local communities held demonstrations at COP16 to press for more rights and protections as delegates inside wrangled over a proposal to create a permanent representative body for them under the Convention on Biological Diversity.

On this, too, no agreement has been reached after nearly two weeks of talks.

The meeting was held amid a massive security deployment following threats from a Colombian guerrilla group with its base of operations near Cali.

K.Inoue--JT