The 17th Conference of the Parties to the United Nations Convention on Biological Diversity (COP17), held in Yerevan, Armenia, is just hours away from its official closing, with participating states showing significant distance from reaching a consensus on the central elements for Nature preservation, which may lead to discussions continuing into the night.
After almost two weeks of proceedings, significant divergences remain regarding crucial topics. These include granting subsidies to environmentally harmful activities, such as oil extraction; defining the best methodology to fund biodiversity protection; and increasing corporate contributions to a United Nations fund dedicated to nature conservation, which faces resource scarcity.
Francisco Ferreira, president of the environmental association Zero, commented in a note sent to Lusa that several vital issues still await a decision. He stressed that although technical advances and important decisions have occurred over the two weeks, the more complex political issues remain unresolved. Ferreira stated that COP17 showed that the world possesses the necessary knowledge to curb biodiversity loss, but the obstacle lies in the absence of political will, funding, and concrete decisions, with progress towards 2030 falling short of the goals set in 2022.
A plenary meeting scheduled for early afternoon was postponed until early evening, while smaller working groups continue to operate. Discussions at COP17 are primarily focused on drafting a 'global stocktake' of progress in the area of biodiversity, a document awaited but still pending despite initial optimism about its completion before the current day.
This stocktake should be based on the results obtained after the 2022 Biodiversity Agreement, known as the Kunming-Montreal Agreement, which is comparable to the Paris Agreement on climate change. This agreement defined 23 goals to be achieved by 2030, such as protecting 30% of terrestrial and oceanic areas, combating pollution and invasive species, and restoring degraded ecosystems; however, most of these goals are behind schedule.
The objective of the global stocktake is to guide states toward the correct path through tangible proposals, but countries face notable difficulties when dealing with issues related to subsidies granted to harmful practices, estimated at $2.6 trillion annually. Another relevant point of contention is determining who should bear the financial objectives set for 2030, in a context where the public finances of many countries are under pressure, leading them to try to avoid the responsibility of increasing allocations.
Francisco Ferreira identified financing as the 'main blockage' of the summit, highlighting an 'enormous contradiction between funding for conservation and subsidies that promote habitat destruction, soil degradation, and overfishing.' In addition to monetary issues, the president of Zero mentioned that the positions adopted by certain countries, specifically Russia and Saudi Arabia, are complicating collaboration between biodiversity and climate change, as well as scientific recognition and articulation with other international pacts.
The president of Zero also expressed concern about the persistence of divergences regarding the effective participation of indigenous peoples and local communities, emphasizing that it is deeply worrying the time spent 'discussing words' instead of implementing concrete actions, given that biodiversity protection sustains both human living conditions and economies.
The European Union has been trying to persuade large emerging economies, such as China, to adhere to the official donor base, without success so far. Efforts to strengthen the 'Cali Fund,' a United Nations mechanism intended to share profits generated by companies exploiting genetic data of plants and other organisms, are also proving challenging.
In previous events, such as the biodiversity summit in Colombia in 2024, negotiations ended without an agreement on conservation funding, which were resumed and concluded in Rome in early 2025. In Yerevan, it is expected to be decided today whether Panama or Ecuador will host the next summit, COP18, in 2028. On the eve of the COP17 closing, Astrid Schomaler, UN biodiversity officer, called on countries to demonstrate 'audacity and innovation to find common ground.'


