Delegates at the UN Biodiversity Conference in Rome have reached a long-awaited agreement to mobilize $200 billion annually by 2030, addressing a key financing gap in global conservation efforts, as reported by UN News. The accord advances the Kunming-Montreal Global Biodiversity Framework, a 2022 landmark pact aimed at reversing biodiversity loss and expanding global protected areas. While this financial commitment is a step forward, debates continue over funding responsibilities, especially as over a million species remain under threat

…While this financial commitment is a step forward, debates continue over funding responsibilities

In addition to securing resources, negotiators established indicators to track progress, ensuring accountability in biodiversity efforts. The newly launched Cali Fund, introduced in Colombia last year, will channel private-sector contributions from industries profiting from genetic resources, with at least half of its funds directed to Indigenous communities UN officials praised the outcome as proof that multilateral cooperation can drive environmental change, urging businesses to step up as stakeholders in the fight for nature’s future.