Countries commit to raise $200 billion for biodiversity

Negotiators from over 140 countries have reached an agreement in Rome to raise at least $200 billion annually for biodiversity conservation by 2030. This plan includes creating an international dialogue among environment and finance ministers to enhance funding efforts. The agreement follows a previous UN biodiversity meeting in Cali, Colombia, where no consensus was achieved. While a dedicated fund for developing countries was postponed, countries will establish permanent financial arrangements and improve existing funding mechanisms. The roadmap outlines key actions and milestones for the next three rounds of UN biodiversity talks leading up to 2030. This agreement aims to advance the Global Biodiversity Framework amid growing global challenges to multilateral cooperation.