"ROME - A gathering of countries in Rome this week agreed a plan to generate $200 billion in finance a year by 2030 to halt and begin to reverse the destruction of the natural world.
The U.N.'s COP16 talks on biodiversity began last October in Colombia but failed at that time to reach an agreement on key elements, including who would contribute, how the money would be gathered and who would oversee it.
U.S. President Donald Trump is scaling back the involvement of the world's biggest economy in development finance, so the agreement late on Thursday night was a welcome boost for global deal-making."
Source: Reuters, 03/03/2025
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