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COP 16 Outcomes 2024
November 8 , 2024
11 hrs 0 min
27
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- The 16th edition of the Convention of Biological Diversity (CBD) in Cali, Colombia.
- It has accepted the Establishment of a body to include indigenous groups in biodiversity discussions.
- Debates on fair benefit-sharing from the use of genetic data, with plans for a multilateral mechanism yet unresolved.
- They have agreed on technical support for biodiversity mainstreaming, addressing invasive species, and enhancing biodiversity-climate synergy.
- On the other side, only a fraction of the estimated $200 billion required annually for biodiversity goals has been pledged.
- No consensus on contributions to the DSI fund or mechanisms for financial and technical resource allocation.
- The KMGBF targets remain non-binding, very potentially impacting the global commitment to these goals.
- India has presented an updated biodiversity plan, projecting an expenditure of ₹81,664 crore for biodiversity and conservation from 2025-30.
- This convention follows meetings in 2022 at Montreal, Canada.
- At that meet, countries agreed to protect 30% of land and water by 2030, known as the ‘30-by-30 agreement.
- Targets include reducing the introduction of invasive alien species by 50% and minimising their impact by 2030.
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