There were some breakthroughs for Indigenous peoples and on genetic data, but the Cali conference did not deliver on time. View on euronews

Although the COP16 summit in Colombia ended with some important agreements, countries still aren’t moving fast enough to stem biodiversity loss

Wealthy nations appeared to hit a limit with how much they are willing to pay to conserve nature around the world, instead shifting their focus at the two-week U.N. biodiversity summit toward discussions of private money filling the funding gap.

The two-week conference was suspended before a crucial agreement on funding for a new global fund for nature. However, delegates made strides on corporate payments for genetic data and formal representation for Indigenous people.

India successfully intervenes at COP16 in Cali to ensure national laws are respected in a new global mechanism for sharing benefits from digital genetic information. Although the summit made progress,

At the COP16 negotiations in Cali, Colombia, countries failed to figure out how they would mobilize $200 billion annually in conservation funding by 2030, including $30 billion that would come directly from rich nations.