The COP16 conference in Rome concluded with a groundbreaking agreement to mobilize resources for people and nature. The international community made significant strides towards halting and reversing nature loss by 2030. The agreement emphasizes raising finance from various sources to support biodiversity conservation efforts.
Key highlights from the conference include a global strategy for collaboration on biodiversity finance, a finalized Monitoring Framework to increase transparency and track progress in addressing the nature crisis, and the launch of the Cali Fund to support Indigenous Peoples and local communities who play a crucial role in safeguarding biodiversity.
The UK played a pivotal role in finalizing discussions on nature finance and agreeing on the monitoring framework. This agreement is seen as a major step forward in tackling the nature crisis and ensuring food security, carbon storage, and addressing the impacts of floods and droughts.
Ruth Davis, UK Special Representative for Nature, played a key role in the negotiations and discussions on nature finance and the monitoring framework | Original Statement ““As the need for action becomes ever more urgent, a moment of genuine progress like this is heartening to see. Now, we must build on the spirit of co-operation shown in Rome to mobilise the resources needed to restore nature.“This is essential to help maintain food security, store carbon and tackle the impacts of floods and droughts.”
This landmark agreement at COP16 underscores the importance of global cooperation in mobilizing resources to protect our planet and secure a sustainable future for all.