In a high-stakes call to action, UN Secretary-General António Guterres urged world leaders to open their wallets for nature at the opening of the UN Biodiversity Conference (COP16) in Cali, Colombia. The goal? To supercharge the Global Biodiversity Framework Fund (GBFF), a financial lifeline designed to reverse environmental destruction by 2030.
Why This Matters
Guterres warned that collapsing ecosystems could shrink the global economy by trillions, hitting vulnerable communities hardest. From disappearing pollinators to polluted water, nature’s ‘services’ are non-negotiable for survival—and profit.
What’s at Stake?
The GBFF aims to mobilize $200 billion annually by 2030, including $20 billion from wealthy nations to developing countries by 2025. So far, pledges total just $250 million—far short of the target. Guterres stressed that businesses profiting from nature must now help fix the damage.
A Global Gathering in Cali
Nearly 12,000 delegates from 200 countries are attending COP16, dubbed the 'Olympics of biodiversity.' The conference marks a critical checkpoint for the Kunming-Montreal Global Biodiversity Framework’s 23 targets, agreed in 2022 to halt species loss. Spoiler alert: Time’s ticking.
Will governments step up? Follow #COP16 for updates!
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UN chief seeks 'significant' funding at summit to save nature
cgtn.com