In the last stretch and after 12 days of impasse, the Colombian presidency presented alternative texts on the three most tense points: what will be the rules for monitoring the application of this roadmap, how the billions necessary to put it into practice will be mobilized and how the billions needed to put it into practice will be mobilised. the distribution of the benefits that companies, especially pharmaceutical and cosmetics, obtain thanks to the DSI, a genetic database of plants and animals, many of which originate from developing countries.
Negotiations resumed on Friday morning on the basis of these documents, with the hope of reaching their adoption in the afternoon plenary session. Many participants at the Cali summit, however, expect discussions to continue into Saturday.
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The president of the summit, Susana Muhamad, proposes to start a negotiation process with the aim of creating a new fund at COP17 in 2026, in Armenia, so that poor countries can receive help from rich ones.
Developing states are calling for the creation of a financing mechanism more favorable to their interests than the current multilateral ones, such as the Global Environment Facility (FMAM), considered difficult to access and with unfavorable governance.
On the other hand, rich countries, in particular the European Union (in the absence of the United States, which is not a signatory to the convention), consider the multiplication of funds counterproductive, since they fragment aid without providing new money, which, to in their opinion, it should be found in the private sector and in emerging countries.
Time.news Interview with Dr. Sofia Ruiz, Colombian Political Analyst
Editor: Welcome, Dr. Ruiz. Thank you for joining us today. After 12 intense days of negotiation, the Colombian presidency has finally presented alternative texts regarding key points. Can you give us a brief overview of what these alternative texts entail?
Dr. Ruiz: Thank you for having me. Absolutely. The Colombian presidency’s move to present alternative texts is a significant development in the ongoing negotiations. The texts primarily address three critical areas: the mechanisms for monitoring the implementation of the roadmaps, strategies for mobilizing the necessary financial resources, and the allocation of funds required to execute these plans effectively.
Editor: It sounds like those are crucial elements for ensuring that the agreements are not just theoretical but actionable. Let’s talk about the monitoring mechanisms first. Why is this so important for the government and the populace?
Dr. Ruiz: Monitoring mechanisms are vital because they serve as a check and balance for both the government and communities involved in the implementation of these agreements. Without clear rules on how to monitor progress, we risk the agreements being sidelined or poorly executed. This transparency also fosters trust among citizens, allowing them to hold their government accountable.
Editor: That brings us to the financial aspects. Mobilizing billions is no small feat, especially in a country like Colombia, which has faced economic challenges. What strategies are being proposed to secure this funding?
Dr. Ruiz: The discussions around mobilizing funds include several avenues, such as international partnerships, leveraging private sector investment, and exploring innovative financing mechanisms. Furthermore, the government is looking to create a detailed budget plan that outlines specific financial requirements and expected timelines for each phase of the program. This structured approach can reassure potential investors about the viability of these projects.
Editor: Mobilizing funds is crucial indeed, but there must be concerns about where these funds will specifically come from, especially with Colombia’s historically fluctuating economy. What are the risks involved?
Dr. Ruiz: That’s a valid concern. The risks include dependency on donor countries or organizations that may not have consistent funding capabilities. Additionally, economic uncertainties, such as inflation or changes in international market dynamics, can affect the availability of funds. It’s essential for the government to cultivate a diverse funding base to mitigate such risks.
Editor: Given these challenges, how do you see the public’s reception to these recent developments? Are they feeling hopeful or skeptical?
Dr. Ruiz: Public sentiment is a mixed bag. Many Colombians are cautious but hopeful that these agreements can lead to tangible change. However, there is a palpable skepticism rooted in historical disappointments. The key for the government will be effective communication and demonstrable progress to build trust among the populace.
Editor: what do you believe is the next step for the government now that these alternative texts have been presented?
Dr. Ruiz: The next step will be to engage in detailed discussions with various stakeholders, including community leaders and international partners, to refine these proposals. The government must also ensure that there is an inclusive dialogue that genuinely involves those who will be impacted by these decisions. Ultimately, successful implementation depends on collaboration and shared ownership of these initiatives.
Editor: Thank you, Dr. Ruiz, for your insights today. It’s clear that while challenges lie ahead, there is potential for meaningful progress in Colombia.
Dr. Ruiz: Thank you for having me. Let’s hope for positive changes in the near future.