UN negotiators commit to $200 billion for biodiversity

Negotiators at the UN biodiversity conference, COP16, in Rome agreed on a plan to raise $200 billion annually by 2030 to protect global biodiversity. This includes $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 agreement marks a significant step forward after previous talks in Cali, Colombia, ended without consensus. COP16 concluded positively, with participants applauding the outcomes. The agreements aim to implement the Global Biodiversity Framework, which seeks to protect 30% of the planet and degraded ecosystems by 2030.