Last update: March 3, 2025
The follow-up Session of the 2024 UN Biodiversity Conference took place from February 25–27, 2025, in Rome, Italy. After COP16 in November 2024 in Cali, Colombia, the February negotiations on Resource Mobilization remained intense. It gathered approximately 900 participants representing governments, UN and international organizations, Indigenous Peoples, local populations, civil society, academia, and several private sector industries.
Key discussions and positions included the fact that:
1. JAMAICA stressed that the Resource Mobilization Strategy still lacks a concrete implementation plan, which must be addressed during the inter-sessional period before COP17 and reviewed at COP18
2. EGYPT, FIJI, the RUSSIAN FEDERATION, CHINA, and BRAZIL supported similar - retaining bracketed - texts
3. The Russian Federation argued that the current interim financial mechanism imposes discriminatory measures on certain eligible parties
4. Brazil emphasized that issues that unite the developing world
Outlook for COP17, COP18, and COP19 indicates that parties will likely continue focusing on the:
1. reform of existing financial entities and institutional structures
2. operations and performance of the Global Biodiversity Framework Fund.
3. establishment of new financial entities if needed
4. narrative and definition of the terms of reference and operational modalities for the proposed mechanisms, and
5. the potential for new institutional structures for new permanent financial mechanisms, likely to be finalized until COP19
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