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Some countries walk out of CBD COP in finance fight between developing & developed countries

Divisions between developed and developing nations over who should pay to protect Earth’s ecosystems are threatening to derail a UN biodiversity summit after a group of developing countries walked out of discussions overnight.

In echoes of last month’s Cop27 climate summit in Egypt – where countries agreed to create a new fund to compensate loss and damage from global heating in vulnerable nations – countries from the global south left Cop15 talks on Wednesday due to disagreements over finance.

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