$30 trln in additional investments required to achieve net zero in 8 hard-to-abate sectors
The Net Zero Industry Tracker 2024 estimates that $30 trillion in additional capital will be required across ...
The Abidjan Declaration – issued by African Environment Ministers meeting in Abidjan – has emphasized the need for innovative financing models to unlock the $ 1.2 trillion required to implement the Sustainable Development Goals (SDGs). In 2023, over $400 billion was spent on clean energy projects globally, but only $2.6 billion reached African nations.
African Environment Ministers meeting in Abidjan have also called for the establishment of a legally binding protocol on drought management under the UN Convention to Combat Desertification (UNCCD), with a special focus on Africa. The call for action comes amid growing concerns over the detrimental impact of land degradation, drought and desertification on the continent’s socio-economic stability, food security, and environmental sustainability.
The call came as Environment Ministers concluded the 10th Special Session of the African Ministerial Conference on the Environment (AMCEN) with the adoption of the Abidjan Declaration on 6 September, which made the call for a drought management protocol and expressed deep concern over the environmental challenges Africa faces – particularly rising temperatures and land degradation – and stressed that inaction weakens social and ecosystems resilience across African countries.
Robert Beugré Mambé, Prime Minister of Côte d’Ivoire, emphasized the urgency of the situation, stating “The survival of our economies and people is at stake. In times like these, it is essential for Africa to work in synergy to tackle climate challenges. Together, we are strong.”
“Africa is a continent of solutions. Solutions to renewable energy in the form of vast solar, wind and hydro resources, and critical minerals. Solutions to food security, with fertile lands and competent farming communities. Solutions for innovation, as Africa has both youth and experience in a population eager to put its shoulder to the wheel for growth, prosperity, opportunity and development,” said Inger Andersen, Executive Director of UNEP.
Ahead of international meetings – Conferences of the Parties (COPs) – on biodiversity, climate, desertification, and plastic pollution negotiations later this year, UNEP’s Executive Director rallied the African Ministers to unite as they seek to address the growing impact on the continent of the triple planetary crisis of climate change, biodiversity loss and pollution and waste.
“African nations can go to these COPs with a strong position on land. Link land restoration, land management and land productivity to climate pledges and to national biodiversity strategies and action plans,” she added. “Public and private finance needs to ramp up. Food systems need to reform. And pollution needs to be addressed. In this last regard, African nations can help deliver a strong instrument to end plastic pollution at the final round of talks in Busan at the end of this year.”
Speaking at the special session, Ibrahim Thiaw, Executive Secretary of UNCCD, highlighted the need to revise development policies to address the root causes of land degradation.
“The land must not be seen only as a source of extraction: extraction of agricultural products, extraction of minerals, and extraction of water resources. Nor must the land be seen only through the lenses of exploitation,” he said. “As the land is our most precious asset for our food, our clothes, our fuels, and our animals’ feed, we need to adopt a managerial rather than an exploitative attitude. An asset — especially such a precious asset — ought to be managed, with a whole-of-government and a whole-of-society approach.”
“In Africa, as in all regions, the climate crisis is an economic sinkhole, sucking the momentum out of economic growth. It is African nations and people who are paying the heaviest price. But it would be entirely incorrect for any world leader — especially in the G20 — to think that although this is all incredibly sad, ultimately, it’s not my problem” said Simon Stiell, Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC).
As the international community looks ahead to COP29 in Baku, Azerbaijan, UNFCCC’s Executive Secretary called for a new international climate financial goal, firmly grounded in the needs of developing countries.
“COP29 must signal that the climate crisis is core business for every government, with finance solutions to match,” he added.
Astrid Schomaker, Executive Secretary of the Convention on Biological Diversity (CBD), highlighted the growing leadership of African nations in establishing effective coordination bodies that support the alignment of various Multilateral Environmental Agreements (MEAs).
“We have seen a number of African countries set up coordination bodies that support dialogue and alignment across various Multilateral Environmental Agreements. These experiences should be replicated across the continent and beyond,” she said, emphasizing the importance of collaborative approaches in environmental governance.
Requested by the African Ministerial Conference on the Environment at its 17th ordinary session, UNEP and the African Development Bank also presented a teaser of the soon to be launched Africa Natural Capital Atlas during this special session in Abidjan; the Atlas highlights Africa’s rich natural resources and the urgent need for its sustainable management. Africa holds 8% of the world’s natural gas, 12% of its oil reserves, and 30% of global mineral deposits. Its fisheries are valued at over $24 billion, and it contains more than 60% of the world’s undeveloped arable land.
The Net Zero Industry Tracker 2024 estimates that $30 trillion in additional capital will be required across ...
Egypt is gearing up for the 2025 Human Development Report, and debt swap initiatives, all ...
The European Bank for Reconstruction and Development (EBRD), the United Kingdom’s High-Impact Partnership on Climate ...
اترك تعليقا