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Calls for increased investment in Africa’s biodiversity

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It is critical for Africa to adopt a framework with targets that will curb the loss of biodiversity. Image credit: Leon Louw for WhyAfrica

Calls for increased investment in Africa’s biodiversity 

The  African  Development  Bank (AfDB) and the Worldwide Fund for Nature (WWF), have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011-2020. 

The report highlights the important role that multilateral development banks can play in meeting biodiversity targets by providing advisory services, capacity building, market research, and linkages with other relevant partners.

The assessment, launched on the sidelines of the UN Biodiversity summit (COP15), that took place in Montreal, Canada, earlier this month, is based on the 6th National Reports on biodiversity submitted by African countries in 2018 -2020.

Prof. Kalemani Jo Mulongoy, President and co-founder of the Institute for Enhanced Livelihoods and former Head of the Scientific, Technical and Technological Matters Division of the Secretariat of the Convention on Biological Diversity, presented the findings of the report.

According to Prof. Mulongoy it is critical for Africa to adopt a framework with targets that will not only curb the loss of biodiversity but will enhance opportunities to improve the lives of many Africans, especially those depending on biodiversity for their survival, bearing in mind Africa‘s biodiversity  priorities.

A framework for action (Calls for increased investment in Africa’s biodiversity)

The Strategic Plan for Biodiversity 2011-2020 outlines a framework for action by all countries and stakeholders to safeguard biodiversity and the benefits it provides to people.

Conclusions from the synthesis of the 6th national reports on biodiversity underpin Africa’s stance in negotiations over the post-2020 Global Biodiversity Framework (GBF).

The reports shed light on the status of biodiversity in Africa regarding implementing national biodiversity strategies and action plans. This information will serve as a baseline, together with Africa’s biodiversity priorities and the Bank’s High Five objectives, which will guide negotiations over the post-2020 global biodiversity targets.

Innocent Maloba of the World Wide Fund For Nature (WWF) says that the immediate goal after the adoption of the GBF is to update National Biodiversity Strategies and Action Plans (NBSAPs). “This is to ensure that they reflect the ambition of the GBF ambition as well as to start developing national biodiversity financing plans,” says Maloba.

Maloba calls for a multi-sector approach to biodiversity conservation to achieve the post-2020 GBF goals.

Invest in natural capital (Calls for increased investment in Africa’s biodiversity)

According to Vanessa Ushie, Acting Director of the African Development Bank’s African Natural Resources Management and Investment Centre, there is a unique opportunity to finance the implementation of the post-2020 Global Biodiversity Framework (GBF) in Africa.

“This is possible if we invest in natural capital and build an asset base of nature-sensitive investments that protect, restore, and make sustainable use of biodiversity and natural resource,” says Ushie.

During the country panel conversation at COP15, Jeanne Ntain, Cote d’Ivoire CBD focal point, highlighted the importance of raising awareness of the decision-makers on biodiversity issues and on the implications of implementing the next GBF: “Otherwise, what we are doing here at COP15 has zero value,” said Ntain.

Arona Soumare, Principal Climate Change and Green Growth Officer at the African Development Bank, insisted on the opportunities to scale up public and private finance for biodiversity and the need to achieve ambitious GBF, in line with the development priorities of the countries and using all existing financial instruments.

Prudence Galega, former policy advisor and Permanent Secretary to the Ministry of Environment in Cameroon, moderated the session. She called on the African Development Bank to strengthen the support of African countries to address the challenges of sustainable development and biodiversity loss in an integrated way.

Click here to read the reports.

Calls for increased investment in Africa’s biodiversity

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Calls for increased investment in Africa’s biodiversity

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