Resource mobilization was the talk of the day, following a walkout of developing countries from contact group deliberations late on Tuesday night. In the morning, Heads of delegation met to discuss the state of negotiations and identify the major stumbling blocks. Later in the day, developing countries returned to the negotiating table with a unified position.
This position highlights the need to strengthen the Global Environment Facility (GEF), the Convention’s financial mechanism, to make it fit for the purpose of implementing the commitments undertaken under the global biodiversity framework (GBF), as well as to establish (and replenish) a new global biodiversity fund. The need to close the financing gap and increase the level of financial resources was at the core of negotiations on target 19.1 of the GBF, as well as related discussions on resource mobilization and the GEF.
Meanwhile, negotiations continued on other agenda items. Contact groups worked on draft decisions exploring the interlinkages of biodiversity with health, and with climate change, showcasing the challenges of efforts to bridge different agendas in order to promote coherent policy action. The Friends of the Chair group on digital sequence information (DSI) continued work on a non-paper on options for solutions and a course of action on benefit-sharing from the use of DSI.
Deliberations continued in the evening on the GBF, synthetic biology, and resource mobilization, including GEF-related matters.