Countries agree to raise $200 billion for biodiversity

Delegates at the Cop16 meeting in Rome reached a significant agreement to fund nature conservation, overcoming previous deadlocks. This deal aims to raise billions to protect species and habitats, marking a shift from earlier unsuccessful negotiations. The agreement includes a commitment to deliver $200 billion annually for biodiversity by 2030, with $30 billion from wealthier nations to support poorer countries. This is a notable increase from the $15 billion provided in 2022. The deal sets a framework for future funding and accountability measures, addressing urgent biodiversity loss. It follows a landmark agreement to protect 30% of the world's land and seas, emphasizing the need for international cooperation amid global tensions.