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Countries agree $200bn deal to protect nature at UN biodiversity talks in Rome
· 1d · on MSN
UN talks end in Rome with nations backing $200 billion a year plan to protect nature
Governments agree on the way forward to mobilise the resources needed to protect biodiversity for people and planet
After intense negotiations, Parties to the Convention agreed on a way forward in terms of resource mobilization with a view to close the global biodiversity finance gap and achieve the target of mobilizing at least 200 billion dollars a year by 2030, including 20 billion USD a year in international flows by 2025, rising to 30 billion USD by 2030.
More than 140 countries struck a deal on a strategy to raise and distribute billions of dollars to protect nature at a UN biodiversity summit that provided a “light of hope” amid rising geopolitical tensions and cuts to climate and science programmes by the US.
The resumed session of the COP16.2 UN biodiversity talks ended in Rome with an agreement on finance, a critical issue for nature.
Governments on Friday reached agreement on a strategy to raise an additional $200 billion each year to better protect the world’s flora and fauna by 2030.
COP16 talks in Rome yielded agreement on funding nature restoration in poorer countries — but some details remain vague.
Negotiators from over 140 countries have agreed on a plan to finance biodiversity conservation, raising at least $200 billion annually by 2030. The agreement, reached in Rome, also pledges to create an international dialogue of ministers to expedite funding.
An installation is placed in front of the FAO headquarters of the United Nations as part of a Greenpeace protest during the UN Biodiversity Conference in Rome, Italy [Yara Nardi/Reuters] Published ...
This analysis was conceived by its author as a trilogy of commentaries in the wake of Decision 16/2 from the 16th Conference of the Parties (COP) to the UN Convention on Biological Diversity (CBD). Although each commentary can be read separately,
Hours ahead of resuming the three-day UN global biodiversity negotiations in Rome, the European Union (EU) on Monday said it is working towards an agreement on pending decisions at COP16 on biodiversity.
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