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World Leaders Agree on Plan to Save Nature, But Funding Remains a Challenge
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In Short: The new action plan aims to mobilize substantially more public and private finance, reform subsidies that harm nature, and ensure that funding reaches the countries and communities on the front lines of the nature crisis.
The Yerevan Declaration, signed by world leaders, emphasizes the importance of protecting biodiversity for food security, livelihoods, and economic resilience.
However, the conference highlighted a significant gap in funding. International funding for protected and conserved areas has declined by 27 percent for the 2026-30 period due to disruptions from war and high energy prices.
The Living Planet Report by the World Wide Fund for Nature (WWF) revealed a 73 percent decline in the average size of monitored wildlife populations over the past 52 years.
Brian O’Donnell, director at Campaign for Nature, expressed cautious optimism, noting that a growing number of countries have drawn up national diversity plans and pledged financial support.
What this adds
The conference organizers and attendees acknowledged the urgency of the situation but recognized the need for more substantial financial commitments to achieve the 2030 nature targets.
What's confirmed
- The Yerevan Declaration, signed by world leaders, emphasizes the importance of protecting biodiversity for food security, livelihoods, and economic resilience.
- However, the conference highlighted a significant gap in funding. International funding for protected and conserved areas has declined by 27 percent for the 2026-30 period due to disruptions from war and high energy prices.
- The Living Planet Report by the World Wide Fund for Nature (WWF) revealed a 73 percent decline in the average size of monitored wildlife populations over the past 52 years.
- Brian O’Donnell, director at Campaign for Nature, expressed cautious optimism, noting that a growing number of countries have drawn up national diversity plans and pledged financial support.
What's still developing
- “In a world of trillionaires, we can certainly afford to spend $200 billion a year on protecting and restoring the very thing keeping us all alive: nature,” she said.
- A new action plan aims to rescue 2030 nature targets as financing remains inadequate.
- “We need to mobilize substantially more public and private finance, reform subsidies that harm nature, and ensure that funding reaches the countries and communities on the front lines of the nature crisis,” he said.
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- It would mean redoubling efforts to tackle subsidies and incentives that are harmful to nature, increasing financial, scientific, and technical support for developing countries, and strengthening monitoring and reporting mechanisms.
- Speaking directly to the implementation gap and in response to the COP17 theme “Action for Nature”, the meeting saw a flurry of new initiatives launched.