{"id":20352,"date":"2024-11-13T13:06:58","date_gmt":"2024-11-13T12:06:58","guid":{"rendered":"https:\/\/www.etifor.com\/en\/?p=20352"},"modified":"2026-10-05T15:29:05","modified_gmt":"2026-10-05T13:29:05","slug":"cop16-results-reflections","status":"publish","type":"post","link":"https:\/\/www.etifor.com\/en\/updates\/cop16-results-reflections\/","title":{"rendered":"COP16 on Biodiversity: Results and Reflections from Etifor<\/span>"},"content":{"rendered":"

\"Entrata<\/span><\/div><\/div><\/div><\/div><\/div>
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From October 21 to November 1, 2024, the 16th Conference of the Parties on Biological Diversity (COP16)<\/a> took place in Cali, Colombia, aiming to be \u201cThe People\u2019s COP\u201d and \u201cThe Action COP.\u201d However, negotiations stopped on the final day of voting due to the failure to reach a quorum. Talks resumed in February 2025 in Rome.<\/p>\n

Let\u2019s explore the key outcomes of this crucial international meeting and the progress made through political multilateralism.<\/p>\n<\/div>

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Results of resumed COP16 in Rome<\/b><\/h3>\n

A Step Forward in Biodiversity Finance<\/h2>\n

Following the negotiation deadlock in Cali, discussions in Rome focused on securing the financial resources needed to implement the Global Biodiversity Framework (GBF). The breakthrough came with the approval of the Resource Mobilization and Financial Mechanism<\/strong>, a roadmap detailing raising the $200 billion per year<\/strong> required to “halt and reverse biodiversity loss by 2030″<\/em>. This mechanism will involve public, private, philanthropic, and multilateral funding, finally laying out a concrete strategy to bridge the financial gap identified in Cali.<\/p>\n

At the same time, a debate emerged over how these funds should be distributed. Countries from the Global South have pushed for the creation of a new biodiversity fund directly controlled by the COP. In contrast, Global North countries favoured maintaining the existing mechanism under the Global Environment Facility (GEF). The final structure of this funding mechanism will be decided at COP18 in 2028.<\/p>\n

Planning, Monitoring, and Reporting: The PMRR<\/h2>\n

One of the most significant outcomes of the negotiations in Rome was the adoption of the Planning, Monitoring, Reporting, and Review (PMRR) mechanism<\/strong>. This system establishes how countries will track progress toward the four goals and 23 targets of the GBF<\/strong>, introducing clear indicators and key milestones, including:<\/p>\n