At the 17th UN Biodiversity Conference, which concluded in Yerevan, the "Yerevan Path" agreement was reached, aimed at accelerating action to conserve nature. The document sets priorities for achieving the 23 targets of the Kunming-Montreal Global Biodiversity Framework by 2030.
Key directions and requirements for participating countries
The agreed package of decisions covers a wide range of issues, including protected areas, forests, wildlife management, and marine and coastal biodiversity. About 50 decisions on these areas were adopted at the conference.
- The need to end subsidies for activities that harm nature
- A call to align national budgets and economic decisions with the objectives of the framework
- Increased financial, scientific and technical support for developing countries
Strengthening the role of local communities and financing
In addition to the roadmap, the parties also adopted the Sevan Guidelines. These guidelines govern the work of a new permanent body intended to strengthen the role of Indigenous peoples and local communities in shaping global biodiversity policy.
Announced financing
The conference announced the launch of a number of initiatives and the allocation of nearly 2 billion dollars for new biodiversity projects. The funds include 560 million dollars to replenish the Global Environment Facility and 500 million dollars through the Species Recovery Alliance.
