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001122334455554433221100

COP16 concludes with mixed results and unresolved biodiversity finance challenges

COP16 in Cali, Colombia, concluded without agreement on crucial biodiversity finance, leaving many issues unresolved. While a new "Cali Fund" was established to support genetic material compensation and a permanent body for Indigenous people was created, the failure to secure funding jeopardizes global conservation goals. Observers warn that the lack of a monitoring framework and financial commitments could hinder efforts to protect 30% of the world's ecosystems by 2030.
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