*What happened at COP16.2?* - Countries adopted a financial roadmap that will work towards a 2030 deadline, pushing back a final decision on how to channel scarce funding to help countries protect nature. - ⁠Countries agreed to create two separate workstreams running until 2030: one focused on the “financial mechanism” to channel funds for biodiversity and another seeking to “improve the mobilization of finance from all sources”. - ⁠Countries also adopted a monitoring framework for the global biodiversity pact, which includes a set of indicators for countries to track progress on their national biodiversity strategies and action plans. - ⁠The Cali Fund was launched, which will receive voluntary contributions from companies that use genetic material from biodiversity. It is still to receive donations yet. Read more in this summary by our special projects editor, Sebastián Rodríguez. 👉🏼 https://www.climatechangenews.com/2025/02/28/un-biodiversity-talks-finance-2030-roadmap-fund-nature/