UN Biodiversity Summit Finalizes Global Conservation Funding Plan

Nearly 200 nations agree on a financial framework to protect biodiversity and meet 2030 conservation goals after last-minute negotiations in Rome.

The COP16 biodiversity summit in Rome concluded with an agreement on a funding mechanism to support conservation efforts in developing nations.
Participating countries committed to protecting 30% of global land and marine areas by 2030, a key target of the 2022 Montreal agreement.
Wealthier nations pledged $20 billion annually for biodiversity protection, increasing to $30 billion by 2030, though details of enforcement remain unclear.
A voluntary fund was established for companies profiting from genetic resources, with proceeds benefiting origin countries and indigenous communities.
The agreement follows the failure of last year’s summit in Colombia, where negotiations collapsed due to unresolved disputes and low attendance.