Nations commit $200 billion yearly to protect 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 benefiting from biodiversity contribute to its conservation. This marks a shift from previous discussions, where funding issues remained unresolved. COP16 concluded positively, contrasting with earlier meetings that failed to reach agreements. Key decisions were made to implement the Global Biodiversity Framework, emphasizing international cooperation for nature conservation.