José Prenda

The 16th meeting of the United Nations Conference on Biodiversity (COP16) in Rome has concluded with an agreement to adopt the first global plan for financing nature conservation, after three days of meetings. This meeting meant resuming the negotiations that began last October in Cali (Colombia), where the parties failed to reach an agreement on how to finance the Kunming-Montreal Global Biodiversity Framework reached at COP15, which aims to protect a third of the land and oceans by 2030.

One study suggests that conservation efforts are concentrated around a small number of charismatic species, such as elephants. However, there are undervalued species, such as fungi, plants and invertebrates, that are critical to the functioning of ecosystems. The research, published in the journal PNAS, analysed more than 14,000 conservation projects spanning a 25-year period - from 1992 to 2016. Of the nearly $2 billion allocated by the projects, 83% went to vertebrates. Plants and invertebrates each received 6.6% of the funding, while fungi and algae received less than 0.2%.