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

EUR -
AED 4.256969
AFN 73.026624
ALL 95.949668
AMD 436.29849
ANG 2.074968
AOA 1062.937298
ARS 1612.956254
AUD 1.648622
AWG 2.089361
AZN 1.97515
BAM 1.955793
BBD 2.330592
BDT 141.989509
BGN 1.981339
BHD 0.437098
BIF 3425.188147
BMD 1.159146
BND 1.479895
BOB 7.995972
BRL 6.159011
BSD 1.157196
BTN 108.180626
BWP 15.778945
BYN 3.510788
BYR 22719.261378
BZD 2.327292
CAD 1.591102
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4253.385281
CRC 540.49813
CUC 1.159146
CUP 30.717369
CVE 110.264618
CZK 24.515015
DJF 206.059287
DKK 7.48519
DOP 68.689762
DZD 153.294785
EGP 59.995792
ERN 17.38719
ETB 182.369469
FJD 2.566871
FKP 0.868888
GBP 0.86899
GEL 3.147128
GGP 0.868888
GHS 12.613956
GIP 0.868888
GMD 85.201694
GNF 10142.964899
GTQ 8.863969
GYD 242.099162
HKD 9.082199
HNL 30.628894
HRK 7.547552
HTG 151.809475
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.868888
INR 108.971952
IQD 1515.894754
IRR 1525001.44174
ISK 144.047519
JEP 0.868888
JMD 181.799371
JOD 0.82188
JPY 184.582853
KES 149.909481
KGS 101.364887
KHR 4623.983998
KMF 494.955743
KPW 1043.265709
KRW 1744.874492
KWD 0.35536
KYD 0.964297
KZT 556.328075
LAK 24848.914008
LBP 103633.441366
LKR 360.978751
LRD 211.759267
LSL 19.520632
LTL 3.422657
LVL 0.701156
LYD 7.407974
MAD 10.813063
MDL 20.15193
MGA 4824.983303
MKD 61.639787
MMK 2432.834089
MNT 4136.040892
MOP 9.340468
MRU 46.32084
MUR 53.912319
MVR 17.920835
MWK 2006.593056
MXN 20.746631
MYR 4.565921
MZN 74.073751
NAD 19.520632
NGN 1572.092184
NIO 42.579853
NOK 11.093021
NPR 173.089401
NZD 1.985179
OMR 0.445696
PAB 1.157196
PEN 4.000686
PGK 4.994983
PHP 69.723065
PKR 323.078682
PLN 4.282755
PYG 7557.973845
QAR 4.231485
RON 5.101986
RSD 117.449594
RUB 96.003268
RWF 1683.694173
SAR 4.352195
SBD 9.33305
SCR 15.877645
SDG 696.647132
SEK 10.831104
SGD 1.486609
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 661.297712
SRD 43.45349
STD 23991.981659
STN 24.499915
SVC 10.124965
SYP 128.330532
SZL 19.526932
THB 38.14522
TJS 11.114462
TMT 4.068602
TND 3.417588
TOP 2.790945
TRY 51.295112
TTD 7.850973
TWD 37.135217
TZS 3008.589588
UAH 50.693025
UGX 4373.984863
USD 1.159146
UYU 46.629839
UZS 14107.951178
VES 527.05282
VND 30499.449254
VUV 137.764445
WST 3.161931
XAF 655.95473
XAG 0.017051
XAU 0.000257
XCD 3.13265
XCG 2.085493
XDR 0.815797
XOF 655.95473
XPF 119.331742
YER 276.576393
ZAR 19.85325
ZMK 10433.709028
ZMW 22.593922
ZWL 373.244535
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • GSK

    -0.5300

    51.84

    -1.02%

  • RIO

    -2.5000

    83.15

    -3.01%

  • AZN

    -5.3300

    183.6

    -2.9%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • NGG

    -3.5400

    81.99

    -4.32%

  • BCC

    -1.5600

    68.3

    -2.28%

  • RELX

    -0.4600

    33.36

    -1.38%

  • BCE

    0.0600

    25.79

    +0.23%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • JRI

    -0.3900

    11.77

    -3.31%

  • VOD

    -0.0900

    14.33

    -0.63%

  • BTI

    -1.3500

    57.37

    -2.35%

  • BP

    -1.0800

    44.78

    -2.41%

Talks on halting nature loss run into extra time in Colombia

Talks on halting nature loss run into extra time in Colombia

Negotiations at the world's biggest nature conservation conference ran hours into overtime in Cali, Colombia on Saturday, with talks deadlocked on funding for efforts to "halt and reverse" species loss.

Text size:

A closing plenary session, scheduled for Friday evening, started more than four hours late as groups of negotiators huddled behind closed doors seeking 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.

Asked by a delegate at around 1:00 am (0600 GMT) on Saturday how much longer the meeting would last, COP16 president Susana Muhamad, Colombia's environment minister, replied: "Until victory."

The conference, the biggest meeting of its kind with around 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 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 that say they are not represented in existing mechanisms, which are also too onerous.

Another point of contention was 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 had approved the creation of a "multilateral mechanism" for sharing the benefits of digitally sequenced genetic information -- abbreviated as DSI.

But negotiators in Cali have yet to agree on 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.

- 'Clock is ticking' -

UN chief Antonio Guterres, who had stopped over in Cali for two days 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.

In the first major breakthrough after nearly two weeks of tough talks, COP16 delegates agreed late Friday to create a permanent body to represent the interests of Indigenous people under the UN's biodiversity convention.

Representatives of Indigenous peoples, many in traditional dress and headgear, broke out in cheers and chants as the agreement was gaveled through.

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

K.Tanaka--JT