https://www.taxtmi.com/news?id=35153 Negotiations resumed in Rome to finalize implementation of the Global Biodiversity Framework, prioritising creation of a global financing instrument to mobilise, allocate and operationalise funds and scale up financing. The talks address procedural rules for resource mobilisation, fair distribution to on the ground priorities, and planning, monitoring and reporting mechanisms. They also incorporate prior commitments on benefit sharing for companies using genetic resources and strengthened participation for Indigenous peoples and local communities. Systemic funding shortfalls and shrinking finance sources drive the urgency to design an effective, equitable financing architecture with accountability for implementation. en-us Tue, 25 Feb 2025 08:46:02 +0530 Tue, 25 Feb 2025 08:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=35153 Negotiations resumed in Rome to finalize implementation of the Global Biodiversity Framework, prioritising creation of a global financing instrument to mobilise, allocate and operationalise funds and scale up financing. The talks address procedural rules for resource mobilisation, fair distribution to on the ground priorities, and planning, monitoring and reporting mechanisms. They also incorporate prior commitments on benefit sharing for companies using genetic resources and strengthened participation for Indigenous peoples and local communities. Systemic funding shortfalls and shrinking finance sources drive the urgency to design an effective, equitable financing architecture with accountability for implementation. News - Tue, 25 Feb 2025 08:46:02 +0530 https://www.taxtmi.com/news?id=35153