Over the past 12 months, nations from the International South have come collectively to launch the Ministerial Alliance for Ambition for Nature Finance (‘the Alliance’). The Alliance is an intergovernmental group of ministers working to publicly champion reaching the character finance targets that the world agreed to in December 2022 within the Kunming-Montreal International Biodiversity Framework (“GBF”) and display actions that nations within the International South are taking to extend nature finance.
As rising variety of ministers of atmosphere from the International South becoming a member of the Alliance or supporting its targets, and being house to nearly all of a very powerful remaining biodiversity of our planet, we’re deeply involved by the disaster dealing with the pure world and the unprecedented lack of species and ecosystems.
The entire world got here collectively two years in the past to undertake the Kunming-Montreal International Biodiversity Framework (GBF) and agreed to an formidable plan to halt and reverse biodiversity loss – headlined by the goal to guard or preserve a minimum of 30 % of the planet by 2030.
The emphasis for motion should now be on urgently shifting our economies to respect and defend nature and shutting the large biodiversity finance hole. With out enough funding, we will be unable to make the numerous adjustments which are wanted to our economies and societies to implement the targets that have been agreed and guarantee a way forward for sustainable livelihoods.
We write to you at this time, as our companions on this effort, to behave urgently to make sure that a minimum of $20 billion per 12 months is delivered from developed to creating nations by 2025 and that a minimum of $30 billion per 12 months is delivered by 2030, as agreed within the GBF. The $20 billion goal is probably the most imminent of all of the targets within the settlement. It’s essential to drive safety, restoration and sustainable administration insurance policies in our nations and catalyze extra funding from our treasuries and the non-public sector.
We’re involved that because the GBF was agreed, we have now not seen a major improve in worldwide nature finance attain our nations.
We name on developed nations to:
1. Urgently ship new worldwide funding for biodiversity and
2. Set up a working group of ministers of atmosphere and finance to deal with absolutely reaching the $20 billion and $30 billion goal on time.
We additionally name on developed nations to take pressing measures to make sure that reporting on worldwide biodiversity finance is considerably improved. At present, the one up-to-date official tally of worldwide biodiversity finance is from earlier than the GBF was signed. We want timeliness and transparency in reporting worldwide biodiversity finance in order that we will understand how a lot new finance has been given since COP15, particularly the funding for tasks which have biodiversity as its principal focus.
COP15 created momentum in our work to safeguard international biodiversity. It’s important that we now construct on this belief between nations and keep a excessive degree of urgency to ship our targets. We stay up for doing our half within the International South and hope to work extra carefully with the International North to satisfy the entire GBF’s finance targets and make sure that our formidable plans for nature succeed.
Endorsed by Ministers of Surroundings from:
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
