COP16 Negotiators Secure Global Biodiversity Funding Plan

A five-year agreement aims to mobilize $200 billion annually by 2030, with new measures to track progress and address funding disparities.

The COP16 biodiversity summit in Rome concluded with a last-minute agreement to finance the protection of nature, avoiding a repeat of the failed talks in Colombia last year.
The plan sets a target of $200 billion annually by 2030 for global biodiversity protection, including $30 billion from developed nations to support developing countries.
Delegates adopted new rules and indicators to monitor progress toward the Kunming-Montréal agreement's 23 goals, including protecting 30% of global land and marine areas by 2030.
The contentious issue of creating a new biodiversity fund was deferred to COP18 in 2028, with countries divided over whether to reform existing mechanisms or establish a new one.
The agreement highlights ongoing tensions between developed and developing nations over equitable funding distribution and the inclusion of emerging economies in donor obligations.