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The Economic Times

Global Business / The Economic Times

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Biodiversity finance impasse clouds COP17 closing talks

Finance has become the main sticking point at COP17 in Armenia, with India, Brazil, China and other developing countries opposing efforts to widen the pool of nations contributing to biodiversity funding. They argue developed countries should first meet existing commitments, while the EU and others support bringing more countries into the funding base as negotiations remain deadlocked ahead of the summits close.

30 Oct 2026 8:01 am