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U.N. biodiversity summit ends without financing deal in overtime

World leaders failed to reach agreement over who should pay what into which fund toward the global biodiversity goals.

COP 16 President and Colombia's environment minister Susana Muhamad, center, heads biodiversity talks.
COP 16 President and Colombia's environment minister Susana Muhamad, center, flanked by U.N. officials Wadzanayi Goredema-Mandivenyi, left, and Astrid Schomaker, right, head up biodiversity talks entering the final stretch in Cali, Colombia. (AN/IISD/ENB/Mike Muzurakis)

Negotiators at the world's largest summit on nature conservation came away empty handed after wealthy countries in the Global North blocked a proposal to help developing countries in the Global South restore nature.

The talks had a "heart-stopping" ending in the early hours of Saturday after two weeks of meetings in Cali, Colombia, due to the complexity of unresolved issues and an inability to compromise, according to Susana Muhamad, Colombia's environment minister and the conference's president.

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