'Matter of survival': Wealthy and developing nations spar over funding at climate talks in Rome

Developing nations urged wealthy countries to make good on pledges to provide $20 billion a year for poorer nations to deal with climate change as climate talks got under way in Rome on Tuesday. The talks were dubbed the "COP16.2" summit after the UN's COP16 talks in Colombia ended without agreement last November.

Global talks to protect nature restarted Tuesday with a call for humanity to come together to "sustain life on the planet" and overcome a fight over funding that caused a previous meeting in November to end in disarray.

More than two years after a landmark deal on nature – including a pledge to protect 30 percent of the world's land and seas by 2030 – nations are still haggling over the money needed to reverse destruction that scientists say threatens a million species.

Negotiators meeting at the UN's Food and Agriculture Organization headquarters in Rome this week are tasked with resolving the deadlock between rich and developing countries over whether or not to create a specific fund to finance nature conservation.

Disagreement over this saw the previous UN COP16 talks in Cali, Colombia, in November stretch into extra time and then end without agreement.

Speaking at the opening of the talks in Rome, many developing nations urged the meeting to unblock funds and called on wealthy countries to make good on their pledge to provide $20 billion a year for poorer nations by 2025.

"Without this, trust might be broken," Panama's representative said, urging the international community to ensure that overall financing beyond 2030 reflects the "urgency of the biodiversity crisis".

"This is a matter of survival for ecosystems, economy and humanity. We cannot repeat the failures of climate finance, COP16.2 must deliver more than words, it must deliver funding. The world is out of time."