“It strengthens representation, coordination, inclusive decision-making and creates space for dialogue with the parties to the COP,” Raj told the Associated Press, referring to the gathering’s official name, Conference of the Parties.

Negotiators struggled to find common ground on some key issues over the past week, but reached consensus after negotiations ended Friday.

The COP16 summit, held in Cali, Colombia, followed the historic 2022 agreement in Montreal, which included 23 measures aimed at saving the Earth’s plant and animal life, including protecting 30% of the planet and 30% degraded ecosystems. by 2030.

A measure to recognize the importance of the role of people of African descent in protecting nature was also adopted in Cali.

The indigenous body will be made up of two co-chairs elected by the COP: one appointed by the UN parties of the regional group and the other appointed by representatives of indigenous peoples and local communities, the AP saw in the final document .

At least one of the co-chairs will be selected from a developing country, taking into account gender balance, the document said.

“With this decision, the value of traditional knowledge of indigenous peoples, African descendants and local communities is recognized, and a 26-year-old historic debt to the Convention on Biological Diversity (CBD) is settled,” Susana Muhamad , representative of Colombia. Minister of the Environment and President of COP16, published on the social media platform X shortly after the announcement.

Who owns nature’s DNA was one of the most controversial and hotly negotiated topics at the summit, as tensions rose between poorer and developed countries over digital sequential information on genetic resources (DSI).

However, negotiators agreed Saturday morning to force big companies to share profits when they use resources from animals, plants or microorganisms in biotechnology.

Delegations agreed to a royalty on genetic information corresponding to 0.1% of companies’ revenues from products derived from this information.

“Most of the life-saving medicines we use today come from the rainforest. It is therefore right that part of the revenue that companies generate from this information is donated to nature protection,” said Toerris Jaeger, executive director of Rainforest Foundation Norway. “This is the absolute highlight of COP16.”

An agreement to protect human health in the face of growing biodiversity problems on Earth was also adopted. Ecosystem degradation and loss of ecological integrity directly threaten human and animal health, environmental groups say.

Pledges made by countries over the two weeks fell well short of the billions needed to combat the decline in global biodiversity, with only around $400 million in funds.

These modest promises do not bode well for the next UN climate negotiations, COP29, which will take place in Azerbaijan at the end of the month. COP29 is expected to focus on how to generate the billions of dollars needed for the global transition to clean energy like solar, wind and geothermal. Raising this money will require major commitments from nations, businesses and philanthropies.

At the Montreal Biodiversity Summit, rich countries pledged to raise $20 billion a year in conservation funding for developing countries by 2025, with the figure expected to rise to $30 billion a year. by 2030.

Global wildlife populations have fallen by an average of 73% in 50 years, according to the biennial Living Planet report from the World Wildlife Fund and the Zoological Society of London in October.