Global Biodiversity Funding Plan Approved at COP16, Marking a ‘Historic Day’ for Conservation
Among these targets are the goals of protecting 30% of terrestrial and marine areas and allocating $200 billion to biodiversity conservation, with $30 billion earmarked as aid from developed countries to less-resourced nations. Feb 27, 2025 Photo: EFE
February 27, 2025 Hour: 8:50 pm
Among these targets are the goals of protecting 30% of terrestrial and marine areas and allocating $200 billion to biodiversity conservation, with $30 billion earmarked as aid from developed countries to less-resourced nations.
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UN Biodiversity Conference Resumes Negotiations in Rome
In a significant step for environmental conservation, 150 countries gathered in Rome and successfully approved the first global plan to finance biodiversity protection after three days of intense negotiations during the extended United Nations COP16 Biodiversity Conference.
The president of the Conference, Susana Muhamad, celebrated the achievement, emphasizing that this agreement marks a “historic day for biodiversity.”
COP16, held at the headquarters of the United Nations Food and Agriculture Organization (FAO), followed an initial conference in Cali, Colombia, in November 2024, which failed to reach a consensus due to a lack of quorum. The funding agreement was considered crucial for implementing the Kunming-Montreal Global Biodiversity Framework, adopted in 2022, which sets 23 targets to be achieved by 2030.
Among these targets are the goals of protecting 30% of terrestrial and marine areas and allocating $200 billion to biodiversity conservation, with $30 billion earmarked as aid from developed countries to less-resourced nations.
Muhamad highlighted that with this agreement, “the implementation of the Global Biodiversity Framework now has a clear path and resources to become a reality.” The commitment was led by the European Union, Canada, and Japan, although the United States did not participate in this summit.
The agreement will unlock financial resources for a five-year work plan aimed at developing countries, with the goal of mitigating biodiversity degradation.
Additionally, during the conference, the Cali Fund was established—an innovative financial mechanism involving the private sector that will channel contributions to compensate for the use of digitally obtained genetic information.
This advancement is seen as a crucial step toward a more sustainable future committed to the conservation of the planet.
Autor: MLM
Fuente: Agencies
