February 28, 2025 Climate and Environment
The 16th UN Conference on Biodiversity (COP-16) has successfully concluded its work in Rome. Governments agreed on a strategy to attract the funds needed to protect nature and achieve the targets of the Kunming-Montreal Global Biodiversity Framework.
Earlier this week, the Conference session resumed in Rome after COP-16 participants in Cali, Colombia, failed to reach an agreement in 2024.
Resource Mobilization
Parties to the Convention on Biological Diversity agreed to mobilize at least $200 billion per year by 2030, including support from developed countries amounting to $20 billion per year by 2025, increasing to $30 billion per year by 2030.
The adopted Resource Mobilization Strategy defines a wide range of tools and mechanisms that can be used to attract funds. In particular, public finances, private and charitable resources, multilateral development bank funds, blended financing, and other innovative approaches can be utilized.
Monitoring and Reporting
The parties also made important decisions on how progress in implementing the Kunming-Montreal Framework will be assessed. They defined ways to monitor commitments made not only by governments but also by civil society, the private sector, and local communities, including women, youth, and indigenous peoples.
Launch of the "Cali Fund"
The "Cali Fund" was launched during COP-16 for the equitable distribution of benefits from the use of so-called digital sequence information. This refers to genetic data of living organisms used in science, medicine, pharmaceuticals, agriculture, and biotechnology.
The fund will become a new financing mechanism that will allow companies using genetic material data for commercial purposes to contribute to biodiversity protection. The "Cali Fund" resources will be directed toward implementing the Convention on Biological Diversity.
At least 50 percent of the funds will be transferred to indigenous peoples and local communities in recognition of their key role in protecting nature.
The 16th UN Conference on Biodiversity (COP-16) has successfully concluded its work in Rome. Governments agreed on a strategy to attract the funds needed to protect nature and achieve the targets of the Kunming-Montreal Global Biodiversity Framework.
Earlier this week, the Conference session resumed in Rome after COP-16 participants in Cali, Colombia, failed to reach an agreement in 2024.
Resource Mobilization
Parties to the Convention on Biological Diversity agreed to mobilize at least $200 billion per year by 2030, including support from developed countries amounting to $20 billion per year by 2025, increasing to $30 billion per year by 2030.
The adopted Resource Mobilization Strategy defines a wide range of tools and mechanisms that can be used to attract funds. In particular, public finances, private and charitable resources, multilateral development bank funds, blended financing, and other innovative approaches can be utilized.
Monitoring and Reporting
The parties also made important decisions on how progress in implementing the Kunming-Montreal Framework will be assessed. They defined ways to monitor commitments made not only by governments but also by civil society, the private sector, and local communities, including women, youth, and indigenous peoples.
Launch of the "Cali Fund"
The "Cali Fund" was launched during COP-16 for the equitable distribution of benefits from the use of so-called digital sequence information. This refers to genetic data of living organisms used in science, medicine, pharmaceuticals, agriculture, and biotechnology.
The fund will become a new financing mechanism that will allow companies using genetic material data for commercial purposes to contribute to biodiversity protection. The "Cali Fund" resources will be directed toward implementing the Convention on Biological Diversity.
At least 50 percent of the funds will be transferred to indigenous peoples and local communities in recognition of their key role in protecting nature.