Financing Agreements
On 27 February 2025, in Rome, Governments agreed on the strategy to raise the funds needed to protect biodiversity and achieve the action targets of the Kunming-Montreal Global Biodiversity Framework (KMGBF), successfully concluding the work of the United Nations Conference on Biodiversity. biodiversity, COP16, suspended in Cali, Colombia, in 2024. Parties to the Convention on Biological Diversity worked until the early hours of the morning to define agreements on biodiversity financing, planning, monitoring, reporting and review, as well as on the full set of indicators to measure global and national progress towards the implementation of the KMGF, agreed in Montreal at COP15 in 2022.
Funds to be mobilized
After intensive negotiations, Parties to the Convention agreed on a resource mobilization pathway to close the global financing gap for biodiversity and achieve the target 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. The COP also adopted a resource mobilization strategy that identifies a broad range of instruments, 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.
Cali Fund
The Parties further improved the monitoring framework for the KMGBF, agreed at COP15, and also took 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 for ISPRA, in support of MASE, at the Rome meeting: Lorenzo Ciccarese (deputy head of delegation), Valeria Giovannelli and Valentina Rastelli (members of the delegation).
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