COP16 concludes with “Peace with Nature” declaration and commitment of USD 75 million for biodiversity in Colombia

02-11-24

The 16th Conference of the Parties (COP16) to the UN Convention on Biological Diversity concluded in Cali, Colombia, with the signing of the “Peace with Nature” declaration and a commitment to allocate US$75 million to biodiversity protection in the country. The event, which brought together delegates from nearly 200 countries, focused on the implementation of the Kunming-Montreal Global Biodiversity Framework, adopted in 2022, with the goal of halting and reversing biodiversity loss by 2030.

During the summit, the need for significant investment in the Global Biodiversity Framework Fund (GBFF) to support developing countries in conserving and restoring nature was highlighted.