COP16 Biodiversity Summit Concludes with Historic Agreements on Finance and Monitoring

Global leaders finalize key measures in Rome to support biodiversity targets, including a new funding mechanism and progress tracking framework.

The resumed COP16 summit in Rome resolved outstanding issues from the earlier session in Cali, including agreements on biodiversity financing and monitoring frameworks.
A new financial roadmap was established to mobilize at least $200 billion annually by 2030, with the creation of the Cali Fund to support biodiversity efforts, including Indigenous Peoples and Local Communities.
The summit introduced a permanent subsidiary body to enhance the inclusion of Indigenous Peoples and Local Communities in biodiversity decision-making.
Delegates agreed on a robust monitoring system for the Global Biodiversity Framework, enabling countries to track and report progress on 23 targets and 4 goals.
Despite geopolitical challenges, the summit showcased multilateral cooperation, laying groundwork for further progress at COP17 in Armenia in 2026.