A view of the closing session at the United Nations COP16 nature summit in Cali, Colombia, November 1, 2024. REUTERS/Camilo Rodriguez/File Photo
CALI, Colombia (Reuters) - 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.
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.
