Conservation Funding Plan: Nations Commit $200B to Protect Nature.

At the COP16 United Nations biodiversity conference, world leaders approved a conservation funding plan to generate $200 billion annually by 2030 to protect nature. To that end, a major part of this plan is helping developing countries, which will receive $20 billion per year starting in 2025 and increasing to $30 billion by 2030. These funds will go toward conservation efforts and restoring damaged ecosystems.

Cali Fund for Ecosystem Preservation

One of the key decisions from the conservation funding plan was to create the Cali Fund which will require businesses that benefit from nature, such as pharmaceutical companies that use rainforest plants for medicine, to contribute financially to conservation efforts. This ensures that industries that profit from biodiversity also help protect it.

Global Strategy for Environmental Protection

Unlike past UN meetings on environmental issues that ended in disagreement, this session in Rome reached solid agreements. An earlier meeting in Cali, Colombia, had failed to finalize a conservation funding plan, leaving many disappointed. With this purpose in mind, negotiators successfully worked out a clear funding roadmap to meet biodiversity goals.

Importance of Biodiversity Conservation

Scientists stress that biodiversity is essential for clean air, water, food, and climate stability. It also supports medical research and strengthens ecosystems. With this new conservation funding plan the world is making a stronger commitment to safeguarding nature for future generations.

EcoCentricNow Supports Environmental Protection

EcoCentricNow LLC (ECN) distributes interior and exterior LED property lighting, handheld lighting, and an assortment of batteries. ECN’s mission is to support nature conservation by distributing well-designed, long-lasting, energy-efficient LED lighting products and supplies that promote ecological sustainability and human well-being.

Reference
UN talks end in Rome with nations backing $200 billion a year plan to protect nature
Governments agree on the way forward to mobilise the resources needed to protect biodiversity for people and planet