Despite round-the-clock negotiations, CDP Parties failed to agree a financing plan for biodiversity or a universal monitoring framework.

World Biodiverity Summit was once again the largest and most comprehensive business and investment convening alongside COP negotiations.

Biodiversity COP16 is underway in Cali, Colombia, and the World Climate Foundation team is on the ground.

The World Economic Forum estimates that the market for biodiversity credits could grow from $6 billion a year today to $69 billion by 2050.