COP16 agrees to adopt first global plan to finance nature conservation
The 16th meeting of the United Nations Conference on Biodiversity (COP16) in Rome has concluded with an agreement to adopt the first global plan for financing nature conservation, after three days of meetings. This meeting meant resuming the negotiations that began last October in Cali (Colombia), where the parties failed to reach an agreement on how to finance the Kunming-Montreal Global Biodiversity Framework reached at COP15, which aims to protect a third of the land and oceans by 2030.