Global Agreement Reached on $200 Billion Annual Biodiversity Financing Plan

UN COP16 summit concludes with a compromise strategy to address biodiversity loss, though key decisions on funding mechanisms are deferred to 2028.

Representatives from over 140 countries agreed to mobilize $200 billion annually by 2030 to support biodiversity conservation under the Kunming-Montreal Global Biodiversity Framework.
The compromise avoids the immediate creation of a new global biodiversity fund, with a decision on its necessity deferred until 2028 after a five-year review of existing mechanisms.
Developed nations committed to providing $20 billion annually to developing countries by the end of 2025, with additional emphasis on private sector contributions and innovative financing schemes.
The agreement includes measures to improve accountability and monitoring of biodiversity targets, though the framework remains non-legally binding.
Tensions between wealthy and developing nations highlighted ongoing challenges in global environmental diplomacy, exacerbated by the absence of U.S. participation under President Donald Trump.