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Global Deal Reached on Biodiversity Funding After Prolonged Negotiations

UN talks in Rome deliver a framework to secure $200 billion annually for nature conservation by 2030, resolving a funding deadlock between rich and developing nations.

FILE - Forest lines the Combu creek, on Combu Island on the banks of the Guama River, near the city of Belem, Para state, Brazil, Aug. 6, 2023. (AP Photo/Eraldo Peres, File)
FILE - Deforestation is visible near the areas of several wood pellet production companies in Pohuwato, Gorontalo province, Indonesia, Oct. 22, 2024. (AP Photo/Yegar Sahaduta Mangiri, File)
FILE - Antelope run as they migrate through national parks and surrounding areas in South Sudan, June 18, 2024. (AP Photo/Brian Inganga, File)
FILE - Fishermen push a boat in the Aleixo Lake amid a drought in Manaus, Amazonas state, Brazil, Sept. 24, 2024. (AP Photo/Edmar Barros, File)

Overview

  • The agreement outlines two key actions: securing billions in additional biodiversity funding and determining the institutions to deliver the money.
  • Developing nations, led by Brazil, pushed for a dedicated biodiversity fund, while wealthy nations opposed it, citing concerns over fragmented aid.
  • The compromise avoids creating a new fund but sets a path to reform existing financial mechanisms and ensure equitable access for poorer countries.
  • This deal follows a 2022 global commitment to halt biodiversity loss by 2030, including protecting 30% of land and marine areas and restoring degraded ecosystems.
  • Scientists warn that urgent action is needed as a million species face extinction due to unsustainable farming, deforestation, and pollution.