*Decision on finance at COP16.2* In a late night plenary, *the resumed COP16 session adopted a new finance roadmap*, which will assess the creation of a new biodiversity fund and devise a funding strategy by 2030. Some developing countries criticised this approach, arguing it lacks ambition and urgency. On finance, the most contentious issue of the negotiations, countries agreed to create two separate work streams: one on the "financial mechanism" for biodiversity funds and a another one seeking to "improve the mobilization of finance from all sources". The current biodiversity fund sits under the Global Environment Facility (GEF) under an interim arrangement until 2030. The new finance roadmap will decide where the fund will be housed permanently after that date, wither under a new mechanism or under the GEF. In a plenary yesterday, some developing countries were critical of this approach. "Biodiversity cannot wait for a bureaucratic process that lasts forever while the environmental crisis continues to get worse," said the delegate from Bolivia. In an amotional final plenary and with tears in her eyes, COP16 president and Colombia's outgoing environment minister Susana Muhammad said: "I announce officially that we have given legs, arms and muscle to the Kunming-Montreal biodiversity framework". You can read the decision here: https://www.cbd.int/doc/c/1680/7842/77691d12e0dce395ff93df8d/cop-16-l-34-rev2-en.pdf