Governments close COP17 on Biodiversity without settling their debt to nature

COP17 on Biodiversity has ended with a contradiction that governments will hardly be able to make up: they recognise the urgent need to protect nature, but they still do not resolve how to finance this protection. According to the balance sheet made by the Business & Climate Foundation (FEC), developed countries have failed to meet their commitment to contribute 20,000 million dollars per year by 2025. The Yerevan summit has approved a new roadmap and has taken numerous decisions. However, closing documents is not equivalent to guaranteeing that the resources needed by ecosystems are provided. Diplomatic progress coexists with a financial debt that is still outstanding. The result forces us to look beyond the announcements: how much money will arrive, who will have to provide it? And what will happen to the subsidies that are still harmful? With 4 years to go until 2030, postponing these answers has a cost that nature is already bearing.

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