YerevanOrganisers announced $2 billion against a $200 billion annual target.
Leaders conceded they will miss the 2030 target to protect a third of land and seas.
The Yerevan Pathway seeks more aid for developing countries, but a voluntary fund fed by firms using genetic material is largely empty.
The Netherlands pledged $500 million to Brazil’s Tropical Forest Forever Facility, which pays countries to keep forests standing.
Governments reconvene in Ecuador in two years to review progress under the Yerevan Pathway.
How each outlet framed it
- Ars Technica
- reports that COP17 leaders accepted the 2030 targets will be missed and adopted the Yerevan Pathway, which targets harmful subsidies and finance
Sources: Ars Technica