Africa: Ministers from Global South Come Together to Call for Urgent Action on Nature Finance at COP16

31 October 2024
Nature Finance Alliance
press release

The Ministerial Alliance for Ambition on Nature Finance (MAANF) has today shared a statement signed by 20 Ministers of Environment from the Global South, 'Seeking Accountability on Ambition for Nature Finance.' The press conference at which this was launched can be watched here.

Released on the second day of the High-Level segment, the statement calls on countries in the Global North to:

'Act urgently to ensure that at least $20 billion per year is delivered from developed to developing countries by 2025 and that at least $30 billion per year is delivered by 2030, as agreed in the GBF.'

The statement outlines two specific requests for developed world governments here at COP16 in order to ensure this financial commitment is met:

  1. To urgently deliver new international funding for biodiversity; And
  2. To establish a working group of ministers of environment and finance to focus on fully achieving the $20 billion and $30 billion target on time.

Upon the statement's release, Hon. Dr. Iziaq Kunle Salako, Minister of State for Environment, Federal Republic of Nigeria, stated:

"Today, we are releasing a Ministerial Declaration endorsed by 20 countries from the Global South to call on developed countries to urgently increase their international finance commitments and to develop a roadmap and accountability mechanisms to ensure that the $20 billion commitment to developing countries will be delivered on time. This is a call to action, and this is an offer to work together to increase accountability and transparency.  Let us be united on the road to ambition – let us work hand in hand to ensure we reach our common goal of fully implementing the Kunming-Montreal Global Biodiversity Framework.

Fellow MAANF Member Hon. Jiwoh Abdulai, Minister of Environment and Climate Change, Republic of Sierra Leone, at the same time impressed on those present at COP16 to recognise:

" Without sufficient funding, we will not be able to make the significant changes needed to our economies and societies to implement the goals agreed upon and ensure a future of sustainable livelihoods. And frankly, our lives depend on meeting these goals – we have no choice. We need all wealthy nations, philanthropies, and corporations to step up to the plate."

The statement, which can be found in full here,  is endorsed by the following 20 countries:


1.          Burkina Faso

2.          Cambodia

3.          Cameroon

4.          Côte d'Ivoire

5.          Dominica

6.          Ethiopia

7.          The Gambia

8.          Grenada

9.          Guinea

10.      Liberia

11.      Madagascar

12.      Nigeria 

13.      St. Kitts and Nevis

14.      Samoa

15.      Sierra Leone

16.      Somalia

17.      South Sudan

18.      Togo

19.      Vanuatu

20.      Zambia

Tagged:
Copyright © 2024 Nature Finance Alliance. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.