As COP16 resumes in Rome, biodiversity funding is on the line

Last October, delegates from around the world met in Cali, Colombia to discuss ways to protect the planet’s biodiversity. After a promising breakthrough in Montreal, Canada three years ago, there were high hopes for that summit. But COP16 closed in shambles, with negotiators leaving before a final agreement could be achieved on key issues. Now, the summit is resuming next week in Rome. Will developed and developing countries be able to reach consensus? Reporter Natasha White, who attended part one in Cali, tells Akshat Rathi what she expects to see when COP16 reconvenes next week in Italy. Explore further: • Past episode about COP30’s final deal • Past episode with sci fi writer Kim Stanley Robinson about the merits of the COP process • Past episode with Stripe’s Nan Ransohoff about the carbon removal credit market Bloomberg Green reporting from Natasha White Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Sharon Chen and Jessica Beck. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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