World’s nations back $200 billion a year plan to protect nature
Global negotiators concluded an extended session of the United Nations biodiversity conference, COP16, by agreeing on how they would contribute a massive $200 billion a year by 2030 to protect the world’s ecosystems. The money includes a plan to raise $20 billion in annual conservation financing for developing nations by 2025, with that number rising to $30 billion annually by 2030, and on details of the Global Biodiversity Framework, which aims at placing 30% of the planet and 30% of degraded ecosystems under protection by 2030.