As COP16 resumes in Rome, biodiversity funding is on the line

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7 • 219 Ratings

🗓️ 20 February 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last October, delegates from around the world met in Cali, Colombia to discuss ways to protect the planet’s biodiversity. After a promising breakthrough in Montreal, Canada three years ago, there were high hopes for that summit. But COP16 closed in shambles, with negotiators leaving before a final agreement could be achieved on key issues. Now, the summit is resuming next week in Rome. Will developed and developing countries be able to reach consensus? Reporter Natasha White, who attended part one in Cali, tells Akshat Rathi what she expects to see when COP16 reconvenes next week in Italy.

Explore further:

Past episode about COP30’s final deal
Past episode with sci fi writer Kim Stanley Robinson about the merits of the COP process
Past episode with Stripe’s Nan Ransohoff about the carbon removal credit market
Bloomberg Green reporting from Natasha White

Zero is a production of Bloomberg Green. Our producer is Mythili Rao. Special thanks this week to Sharon Chen and Jessica Beck. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

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Transcript

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0:00.0	Don't miss the fifth Qatar Economic Forum powered by Bloomberg this May 20th to 22nd, live in Doha.
0:08.4	Programmed by Bloomberg News, the Qatar Economic Forum will convene the world leaders and international CEOs who are providing unique perspectives on the critical issues facing the global economy.
0:20.0	Join us in Doha and be there as it happens.
0:22.8	Request an invitation today at catar Economic Forum.com.
0:29.7	Welcome to Zero. I am Akshadrati.
0:32.4	Today, the forgotten crisis.
0:54.2	Music forgotten crisis. Here on Zero, we've dedicated a lot of time covering COP 29 at the end of last year. In Baku, we interviewed the heads of state, the CEO of ExxonMobil,
0:58.0	and even the COP 30 president,
1:00.1	who by that time hadn't been named as such.
1:03.6	But there was another COP last year,
1:06.6	COP 16 that focused on biodiversity in Cali, Colombia,
1:10.4	where nations came together to try to
1:12.7	figure out how to protect natural habitats, plant, animal species, and halt the destruction of
1:19.2	nature. If the climate crisis is a monster wave, the biodiversity crisis could be a leviathan.
1:26.5	And unlike COP 29, actually, COP 16 is still not over.
1:31.7	It ended before key agreements could be reached and so talks are going to resume next week in Rome.
1:37.6	I wasn't at COP 16, but my colleague, Natasha White, was.
1:42.3	Hi, Aksha, I was indeed. And thanks for having me today.
1:45.6	We're going to talk a lot more about why these talks dragged on and what will happen in Rome.
1:51.2	But Natasha, tell me first, how was Kali?
1:54.1	Kali. So it's the capital of sugar cane in Colombia. It's sort of nestled between
1:59.5	mountains and the sea. And it's also known to be the capital of salsa, salsa dance, not the salsa source. And it's a really vibrant town. And this came through, I think, to a great extent in the way that Colombia hosted the cop. It was really framed as the People's Cop and the Green Zone, so the area,
	...

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