New Delhi, Feb. 28 -- World leaders at 16th Conference of the Parties (COP16) to the Convention on Biological Diversity (CBD) in Rome have reached a historic agreement on financing global conservation goals.

The conference, which had been paused in Cali, Colombia, in 2024, resumed in Rome on February 25, 2025, where officials finalised the agreement after intense negotiations.

This decision establishes a long-term financial mechanism to safeguard biodiversity and ensure the success of the Kunming-Montreal Global Biodiversity Framework (KMGBF).

Susana Muhamad, the COP16 President from Colombia, called for urgent action, emphasising that ambitious plans could not be realised without sufficient funding.

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