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UN nature summit in Armenia ends with a 'Yerevan Pathway' and about $2 billion pledged, as critics say the money falls short

The official closing summary plus Climate Home's account of the all-night finance fight.

What happened: The UN Biodiversity Conference (COP17) in Yerevan closed on Oct. 31 with about 50 decisions. The main one, the Yerevan Pathway, responds to a UN review finding the world off track on its 2030 nature targets: it asks countries to revise their plans, subject to available funding, with a focus on marine, coastal and inland waters. The CBD says nearly $2 billion in new funding was announced, and Climate Home reports that, for the first time, emerging economies such as China and Gulf states were invited to volunteer as donors.

Why it matters: At current national goals, about 26% of land and 12% of seas would be protected by 2030, short of the 30% target, Climate Home reports.

How much agreement is there? Some disagreement. The COP17 president said the summit achieved more than expected; Steven Guilbeault said it 'falls short' of 2030 commitments, and Greenpeace and WWF said finance remains unresolved.

Could someone help? More than 60 countries still lack a national biodiversity plan; citizens can press their own government on its plan and on subsidies that harm nature.

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