COP17 far from an agreement just hours before closing

As negotiations at the UN biodiversity conference in Armenia are ongoing, with key issues unresolved, including funding for biodiversity protection and subsidies for harmful activities. Despite some technical progress, political will remains lacking, hindering the adoption of a global assessment of biodiversity progress. The COP17 aims to address the goals set in the 2022 Kunming-Montreal Agreement, but many targets are behind schedule. Disagreements persist over financial responsibilities and the involvement of indigenous communities. The EU is attempting to engage emerging economies in funding discussions, while the next biodiversity summit location is yet to be decided.