Most developing countries were pleased with measures aimed at ensuring they get a share in profits from products made from plants and other organisms.
Nations have two years to draw up plans for funding the plan.
"This agreement reaffirms the fundamental need to conserve nature as the very foundation of our economy and our society," said Jim Leape, director-general of WWF International.
"Governments have sent a strong message that protecting the health of the planet has a place in international politics, and countries are ready to join forces to save life on Earth." Read the full report here.
Source: by Richard Black, Environment correspondent, BBC News, Nagoya.