Nations agree on $200 billion annual plan for biodiversity

Global negotiators wrapped up the UN biodiversity conference, COP16, in Rome, agreeing to a $200 billion annual funding plan to protect nature by 2030. This includes raising $20 billion for developing nations by 2025, increasing to $30 billion by 2030. The meeting also established the Cali Fund, which will help industries that benefit from biodiversity contribute to its conservation. This successful conclusion marks a positive shift after previous UN meetings struggled to reach agreements on environmental issues. Key decisions made in Rome addressed unresolved funding issues from earlier discussions in Cali, Colombia. The agreements aim to transform ambitious conservation goals into actionable plans, emphasizing the importance of international cooperation for biodiversity.