Nations reach agreement on $200 billion nature funding plan

Nations reached a significant agreement on nature funding at UN talks in Rome, breaking a deadlock that had stalled previous negotiations. The deal outlines a plan to secure billions for biodiversity protection through 2030. The agreement follows a landmark 2022 deal aimed at halting nature destruction and protecting 30% of the world's land and seas. It sets goals for additional funding and establishes institutions to manage the financial resources. Countries committed to providing $200 billion annually for nature by 2030, with $30 billion coming from wealthier nations to support developing countries. This marks a substantial increase from the $15 billion allocated in 2022.