A meeting of countries in Rome this week voted a plan to generate funds of $ 200 billion in the amount of per year by 2030 in order to reverse the destruction of the natural world.
The COP16 talks of the UN16 about biological diversity began in Colombia last October, but at this point failed to achieve an agreement on key elements, including who would help how the money would be collected and who would monitor it.
US President Donald Trump scales the inclusion of the world's largest business financing, so the agreement on Thursday evening was a welcome thrust for global deal-makeing.
Under the leadership of negotiators from the so-called BRICS countries of Brazil, Russia, India, China and South Africa, the delegates agreed to find at least $ 200 billion a year from a number of sources to protect nature.
COP16 President and Colombian Environment Minister Susana Muhamad announced the agreement as a triumph for nature and for multilateralism in one year in which the political landscape is increasingly fragmented and diplomatic friction is growing.
“From Cali to Rome we have sent a light of hope that the common good, the environment and the protection of life and the ability to be something greater than national interest are still coming together,” she said.
The delegates also agreed to investigate whether a new biodiversity fund had to be created, as requested by some developing countries or whether an existing fund such as the funds operated by the global environmental facility would be sufficient. In the past 30 years, the FEF has provided more than 23 billion US dollars up to thousands of natural projects.
“Everyone with the spirit of the compromise made concessions, and in general the result was very positive,” said Maria Angelica Ikeda, director of the Department of Environment in the Brazilian Ministry of Foreign Affairs, to Reuters than on Thursday evening.
“I come from the meeting happy and optimistic.”
The need for an action has only increased in recent years, with the average size of the wildlife populations since 1970. Show the data from the 2024 Living Planet report 2024.
Although the United States was never a signatories to the Biodiversity Convention, it was one of the largest donors in natural and biodiversity. The current freezing of foreign help had widespread effects, from anti-put efforts that were suspended in South Africa, to the financing of cuts at Big Conservation NGOs.
The cuts also make concerns that the United States will not take part in the next round of refill for those who are underway.
The ghost of the auxiliary cuts was also felt in the negotiation rooms, which frustrated the frustration of some countries from Brazil to Egypt and Panama that rich nations did not meet their obligations to provide warranty funds.
The latest OECD data estimates that a total of 15.4 billion US dollars of international biodiversity financing were paid out in 2022, 83% of them come from public sources.
The Zoological Society of London's Policy Director Georgina Chandler asked the governments to fulfill their commitment to $ 30 billion a year until 2030 in order to stop and reverse the loss of biological diversity.
The deal in Rome helps to make those implemented for the implementation of the Kunming Montreal Global Biodiversity Framework (GBF) in the implementation of the Kunming Montreal deals that were agreed in 2022 and have obliged the federal states into a number of environmental goals.
The federal states also agreed to a number of technical rules for monitoring progress in the direction of the GBF and ensured an obligation for the federal states to publish a national report on their biological diversity for the COP17 nature talks.
The talks come for international climate diplomacy at the beginning of a busy year, while the countries meet at various events to discuss the pollution of plastics, maintain the oceans and to achieve global development goals, from the COP30 climate talks in November.