COP17’s Yerevan Pathway puts national budgets and nature-finance delivery in focus

Sunday 1st November 2026

Mangrove trees on the shore at Fish Eagle Point in Subutuni, Tanga Region, on 27 September 2026
Mangroves at Fish Eagle Point, Subutuni, Tanga Region, 27 September 2026. Illustrative file photograph; no project funding award is implied. Photo: Fatih Renkligil / Wikimedia Commons, CC BY-SA 4.0.

By inAfrika Newsroom

Governments concluded the UN biodiversity conference in Yerevan on 31 October with a new pathway intended to accelerate action before 2030. The agreement turns attention towards national budgets and implementation, with direct relevance to African countries seeking finance for conservation and restoration.

The Convention on Biological Diversity Secretariat’s closing statement says the Yerevan Pathway responds to the first collective review of progress under the Kunming-Montreal Global Biodiversity Framework. That review found the world off track to achieve its 23 targets by the 2030 deadline.

The agreed priorities include reforming incentives that damage nature, increasing support for developing countries and bringing public spending into closer alignment with biodiversity goals. Monitoring and reporting are also central to determining whether commitments lead to changes on the ground.

The Secretariat reported nearly USD 2 billion in funding announcements. This global total is neither an African allocation nor proof of disbursement.

Reuters’ account of the conclusion reported continuing concerns about inadequate finance despite the agreement. Its coverage underlines the gap between a negotiated global direction and the resources needed to carry it out.

African project developers and public agencies will therefore need to examine individual funding mechanisms and their eligibility rules. A large international pledge becomes useful locally only when an applicant can identify an accessible funding window, prepare an eligible proposal and meet its reporting requirements.

The economic issue extends beyond protected areas into decisions about infrastructure, production and land use. Incorporating biodiversity into those decisions requires a clear account of potential damage, the measures proposed to avoid it and the costs of maintaining those measures.

Communities also need a defined role in implementation and in any benefits a project generates. The conference agreed operating rules for a permanent body concerned with indigenous peoples and local communities, according to the Secretariat.

The result builds on the growing use of biodiversity considerations in development-finance appraisal. The next test is whether national policies, funding access and measurable ecological outcomes change before the next biodiversity conference in Ecuador in 2028.

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