While some progress was made, including a global levy on products derived from genetic data and improved representation for Indigenous communities in biodiversity decision-making, critical topics such as funding for nature conservation and monitoring targets for this decade were left unresolved. The negotiations, originally scheduled to conclude on Friday, extended into Saturday morning but failed to achieve consensus, prompting an early suspension due to a lack of quorum as many delegates departed for their flights.
Countries expressed anger over the disorganized nature of the discussions, particularly regarding funding and resource mobilization. Brazilian negotiator Maria Angelica Ikeda criticized the timing of the discussions, stating that crucial funding issues should have been addressed earlier. Fiji's negotiator, Michelle Baleikanacea, lamented that many developing nations could not afford to change their travel plans and had to leave the meeting prematurely.
Despite these setbacks, notable breakthroughs included an agreement on a levy that would require companies profiting from genetic data to contribute to a conservation fund, potentially generating over £1 billion annually for biodiversity efforts. Additionally, Indigenous communities will now have a formal and permanent role in the UN biodiversity process, allowing them to participate in decision-making directly.
However, the summit did not produce a strategy for raising the $200 billion needed annually for nature conservation, nor did it outline how progress on biodiversity targets would be monitored. The failure to establish a clear financing mechanism frustrated many, particularly developing nations, which have expressed doubt that wealthier countries will fulfill their pledges of support.
Many observers noted a lack of leadership from major nations and criticized the overall pace of negotiations as inadequate given the urgency of the biodiversity crisis. With key issues unresolved and no agreement on monitoring progress, the summit concluded with a call for continued discussions at an interim meeting next year in Bangkok.