Africa will receive US $ 5 billion over the next 10 years to help manage and monitor protected and protected areas on land, inland waterways and seas. The money, which also supports work with indigenous peoples, local communities, civil society and governments, is provided by around nine organizations as part of the Protecting Our Planet Challenge.
The nine announced this at a convened event by the High Ambition Coalition for Nature and People (HAC) on the sidelines of the United Nations General Assembly last month in New York.
The Africa Protected Areas Congress (APAC) last Wednesday applauded the voluntary pledges from non-governmental people Actors to finance biodiversity and to protect 30 percent of land and sea by 2030.
The 30×30 campaign as part of the Protecting Our Planet Challenge is supported by 72 countries and focuses on cooperation with local Communities, civil society and governments to prevent extinction and build resilience to climate change.
The fi Financial commitments include $ 1 billion from the Bezos Earth Fund, $ 500 million each from the Wyss Foundation and the Rainforest Trust.
The Green Climate The fund that helps developing countries meet their commitments Supported the Paris Agreement, also announced a commitment of approximately $ 9 billion to restore ecosystems while creating jobs.
In addition, 75 financial institutions have committed to protecting and restoring biodiversity through their Funding activities and investments through the Finance for Biodiversity Pledge.
The Protecting Our Planet Challenge calls for additional private and government financial pledges to support 30×30.
“This announcement comes at an opportune time. Africa has a third of the world’s biodiversity, which means that Africa is critical to protecting ecosystem services and human benefits and offering a global good, ”said Kaddu Sebunya, CEO of the African Wildlife Foundation.
“Global experts estimate that between 762 and 900 billion US dollars are needed annually to meet the global demand for biodiversity. The current commitments to global biodiversity are clearly lagging behind what is required, especially in Africa. ”
He said philanthropic commitments such as the Legacy Landscapes Fund, the Leaf Coalition, the Rimba Collective developed by Lestari Capital, and finance for Biodiversity Pledge, which is being promoted by 78 financial institutions, is intended to intensify conservation efforts, accelerate climate protection and improve livelihoods.
The APAC steering organizations (the government of Rwanda, IUCN World Commission on Protected Areas and the African Wildlife Foundation) are in the process of establishing a Pan-African Conservation Trust (A-PACT).
This would provide an independent sustainable funding mechanism for Africa’s 8,552 protected and protected areas, supported by aligned African leadership and funded through global resource mobilization for ‘green growth’ Covid recovery.
“The increasing demand for clean air, food, water and energy sources is pushing the natural people forward systems to their limits”, said the Rwandan Environment Minister Dr. Jeanne d’Arc Mujawamariya.
“The impact of the Covid-19 pandemic on nature, losses in tourism revenues combined with cuts in government funding is a drastic shift in priorities to other economic sectors and social security, which has increased funding shortfalls and the ability to generate funding for green growth. This underscores the fragility of current nature conservation funding models and therefore the need for concerted efforts to protect biodiversity, ”added the Minister.
The significant monetary and non-monetary value of protected and protected areas and theirs Significance persists, poorly understood and severely undervalued. As a result, protected and protected areas in many cases do not receive adequate funding or resources.
APAC is the first continent-wide gathering of African leaders, citizens and stakeholders to discuss the role of protected areas in protecting nature iconic wildlife of Africa, to provide vital ecosystem services, to promote sustainable development while preserving the cultural heritage and traditions of Africa.