The presidency of the Montreal summit is held by China, which is responsible for releasing the draft text, based on the last two weeks of negotiations, as the best compromise for parties to discuss going forward. However, the 30-by-30 target does not contain a global goal and makes limited mention of the ocean, which could leave international waters unprotected. Financial mobilization has remained another key sticking point at the talks, and the draft puts forward allocating $200 billion per year for conservation initiatives - a target seen as critical for the successful implementation of any deal. The draft does not mention setting up a new facility. Lastly, the text does not address slashing the use of pesticides but does say that the risks from pesticides and highly hazardous chemicals should be reduced by at least half.

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