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.

• 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.

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