The good news: Every country on Earth except the United States and the Holy See just committed to 23 targets intended to put the world on a path toward living in harmony with nature by 2050.
The bad news: The tepid agreement is two years late and $670 billion short of what’s needed.
Global leaders have agreed to protect and restore a third of the Earth's natural areas, and eliminate or redirect $500 billion from environmentally harmful subsidies to fund the deal...
...Much of the air at COP15 was sucked up by discussions on closing that financial gap. They centered around three tense issues:
1) How much money will the world commit, in total, to biodiversity conservation each year?
2) How much of that money will wealthy nations give to developing countries?
3) Who will manage and distribute the money?