COP 16.2 concluded
On 27 February 2025, in Rome, Governments agreed on the strategy to raise the funds necessary to protect biodiversity and achieve the action objectives of the Kunming-Montreal Global Biodiversity Framework (KMGBF), successfully concluding the work of the United Nations Conference on Biodiversity, COP16, suspended in Cali, Colombia, in 2024.
Parties to the Convention on Biological Diversity worked into the early hours of the morning to finalize agreements on biodiversity financing, planning, monitoring, reporting and review, as well as the full set of indicators to measure global and national progress towards the implementation of the KMGF, agreed in Montreal at COP15 in 2022.
After intensive negotiations, the Parties to the Convention agreed on a path forward in terms of resource mobilization, in order to close the global financing gap for biodiversity and achieve the goal of mobilizing at least US$200 billion per year by 2030, including US$20 billion per year in international flows by 2025, rising to US$30 billion by 2030.
- https://www.isprambiente.gov.it/en/news/cop-16
- COP 16.2 concluded
- 2025-02-25T00:00:00+01:00
- 2025-02-27T23:59:59+01:00
- On 27 February 2025, in Rome, Governments agreed on the strategy to raise the funds necessary to protect biodiversity and achieve the action objectives of the Kunming-Montreal Global Biodiversity Framework (KMGBF), successfully concluding the work of the United Nations Conference on Biodiversity, COP16, suspended in Cali, Colombia, in 2024. Parties to the Convention on Biological Diversity worked into the early hours of the morning to finalize agreements on biodiversity financing, planning, monitoring, reporting and review, as well as the full set of indicators to measure global and national progress towards the implementation of the KMGF, agreed in Montreal at COP15 in 2022. After intensive negotiations, the Parties to the Convention agreed on a path forward in terms of resource mobilization, in order to close the global financing gap for biodiversity and achieve the goal of mobilizing at least US$200 billion per year by 2030, including US$20 billion per year in international flows by 2025, rising to US$30 billion by 2030.
- When Feb 25, 2025 to Feb 27, 2025 (Europe/Berlin / UTC100)
- Where Rome, F.A.O
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The COP also adopted a Resource Mobilization Strategy that identifies a broad range of tools, mechanisms and institutions that could be leveraged to mobilize the funds needed to implement the ambitious Kunming-Montreal Global Biodiversity Framework. This includes public financing from national and subnational governments, private and philanthropic resources, multilateral development banks, blended finance and other new approaches.
The Parties further improved the monitoring framework for the KMGBF, agreed at COP15, and also made important decisions on how progress in the implementation of the KMGBF will be reviewed at COP17.
The Cali Fund was also launched, inaugurating a new era for biodiversity finance.
The following will participate in the Rome meeting for ISPRA, in support of MASE: Lorenzo Ciccarese (deputy head of delegation), Valeria Giovannelli and Valentina Rastelli (members of the delegation).
Other agenda items include decisions on cooperation with other conventions and international organizations, CBD’s multi-year programme of work, and the adoption of final reports from COP 16, COPMOP 11 (Cartagena Protocol), and COPMOP 5 (Nagoya Protocol).