
Climate Home News
February 25, 2025 at 03:07 PM
*UN talks on biodiversity conservation resumed action today, as countries arrive in Rome with a key mission to unlock negotiations on finance.*
They need to come up with a plan to mobilise $200 bn per year by 2030 for nature conservation, of which $30 bn should come from international finance.
At the opening plenary, countries largely stuck to their old positions. The main point of contention is the financial instrument - where the biodiversity fund should be housed. Brazil and the Democratic Republic of Congo are still calling for the creation of an entirely new fund, while the EU wants a fund hosted by the Global Environment Facility (GEF).
Speaking of funds, countries have taken a new financial step with the launch today of the Cali Fund, an instrument agreed four months ago in Colombia to receive voluntary contributions from companies that use genetic material from biodiversity. This includes sectors such as pharmaceuticals, chemicals and cosmetics.

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