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.
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What’s Next?
The agreement strengthens global biodiversity financing and ensures long-term conservation commitments, with a review process set for COP17.
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