COP16 ends with a ‘historical’ agreement on financing to protect biodiversity

Rich countries and developing countries agreed on the urgency that Humanity stops the destruction of nature And this Thursday they fought a ‘last fight’ in Rome for the financing of this essential objective, four months after the failure of the negotiations of the COP16 In Colombia.

In COP17that will take place And 2026 and Armeniacountries must take the balance of their efforts, without having developed the necessary monitoring and evaluation tools, but Hoping to achieve more similarities to effectively protect nature.

During COP16.2, a group of international experts prepared a frame in the form of a route map. This document develops broad guidelines for governments Build new markets Let them really be favorable for nature.

The COP16 of Rome ended

Last night they ended three days of negotiations within the framework of COP16 for biodiversityWith many moments of tension. But Greenpeace celebrates, finally, important similarities are completed for the protection of biodiversity worldwide.

The good thing about COP16

The good news:

  • Creating a financial architecture for biodiversity has been approved. The agreement signed last night draws up a route map to COP19, in 2030, to close the financing gap of $ 700,000 million and to develop a financial mechanism that is drawn up for the future, able to manage existing and new financial instruments.
  • Another major achievement is the specification of contributions to the Cali Fund by the large Pharmaceutical and agro -industrial, which should contribute at least 1 % of their income. This fund was founded in Cali as a global mechanism aimed at increasing economic resources through the use of genetic means by industries such as pharmaceutical, agricultural and biotechnological.
  • It is also specified that it is essential to eliminate the subsidies that damage nature and to determine new forms of financing that are transparent, fair and honest.

What is needed to get

The challenges:

  • Make that mechanism with money on the table effective Of the various governments to guarantee $ 20,000 million from 2025 and extra 30,000 million from 2030, from public sources, to maintain confidence in the implementation of the global biodiversity framework of Kunming-Montreal.
  • Ensure direct access to financing for indigenous peoples and local communities.
  • Implement the Cali Fund in an honest, fair and inclusive way.
  • Identify and think of those harmful activities for the environment and introduce that money for your protection.

Laura Caicedo, representative of the NGO in Rome, stated: “In a challenging global political context, the agreement in Rome shows that that The message ‘Without financing there is no protection’ has reached the negotiating table. It is now crucial for countries to meet their commitments and to translate the decisions of this peak into real financing to protect biodiversity in Latin -America and all over the world. This advance would send a positive signal for COP30 in Brazil. The current crisis requires action, no promises. The effective mobilization of these resources is essential to enter into the environment with real solutions.

In that sense, The government of Spain is one of the countries that has contributed, but not enough. In the report A reasonable part of the financing for biodiversity? HE the contribution of the countries analyzed (Not everyone had contributed) and that of Spain transferred to the “Orange” in a first report of the “red” category.

The Government of Spain has taken important steps to finance the protection of biodiversity. So we hope that they will continue to increase the contribution until they reach the acquired obligations. Life goes in ” Explains Mónica Parrilla de Diego, responsible for campaigns in the NGO biodiversity area.