Nature Pact Funding Gap

At the conclusion of the UN COP17 conference in Yerevan, the world’s governments agreed to accelerate biodiversity protection through the “Yerevan Pathway.” It includes reducing government support that harms nature, increasing funding for developing countries, and aligning national spending with conservation goals. Funding pledges exceeding $1.8 billion were announced, but a substantial gap remains compared with the goal of mobilizing $200 billion annually by 2030. Meanwhile, fewer than half of the national targets assessed are on track. Priorities include protecting 30% of land, water, marine and coastal areas, and restoring 30% of degraded ecosystems. Warnings were issued that current funding and progress are insufficient to meet the goals.

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