Governments finalized a $200B annual biodiversity fund, launching the Cali Fund for private sector support and enhancing monitoring for global conservation goals.
Governments have agreed to mobilize $200 billion annually by 2030 to fund biodiversity conservation, finalizing a landmark deal at UN biodiversity meetings in Rome.
Key Highlights:
- Funding commitment: $20 billion per year in international funding by 2025, increasing to $30 billion by 2030.
- Stronger accountability: A new monitoring framework will track progress toward the Kunming-Montreal Global Biodiversity Framework (KMGBF) goals.
- Cali Fund launch: A dedicated fund will engage private sector contributions, directing 50% of resources to indigenous and local communities.
Read more international development news here.
What’s Next?
The agreement strengthens global biodiversity financing and ensures long-term conservation commitments, with a review process set for COP17.
.png%3Falt%3Dmedia%26token%3Dcb6f219d-18cc-446d-acd2-3081e0aad06e&w=1920&q=75)
Comments
Have a thought on this? Share it with other readers.