;

© 2024, design with by 7awi Media Group

COP28 Gathers $2.4B Funds for Forests, Ocean Conservation, and NTDs

  • Publish date: Monday، 04 December 2023
COP28 Gathers $2.4B Funds for Forests, Ocean Conservation, and NTDs

The fourth day of the UN Climate Change Conference COP28 witnessed significant pledges, securing more than $2.4 billion for vital nature conservation efforts. Razan Khalifa Al Mubarak, UN Climate Change High-Level Champion for COP28, announced $1.7 billion in funding dedicated to nature conservation. Emphasizing the crucial role of nature in climate action, these commitments are poised to span the journey from COP28 to COP30.

Read More: All That We Know About COP28

Global Support Against Neglected Tropical Diseases (NTDs) in COP28

At the same time, the first COP Health Day witnessed global donors pledging more than $777 million to control, eliminate, and eradicate neglected tropical diseases (NTDs) in Africa. This financial support from COP28 underscores the international community's commitment to addressing health challenges and fostering global well-being.

Read More: COP28 Guide: Accommodation, Transportation & More

Ambitious Climate and Biodiversity Initiatives Unveiled in COP28

Brazil's President Luis Lula da Silva, alongside the COP28 Presidency, announced a fundamental two-year partnership dedicated to mobilizing resources and political support for nature leading from COP28 up to COP30 in Belem.

Read More: UAE Allows Protests Calling for Gaza Ceasefire at COP28

Recognizing Nature in COP28 as a Key Pillar for Future Climate Action

The COP28 Presidency highlighted the imperative need to acknowledge, support, and financially back nature in its entirety as a prerequisite for effective climate action. This demonstration of global political leadership, coupled with substantial financial backing from non-state actors, underscores the indispensable role of nature not only in COP28 but also in shaping future conferences.

Additionally, national and regional investment plans in COP28 unveiled by heads of states align with the Paris Agreement and the recently adopted Kunming-Montreal Global Biodiversity Framework. The UAE's commitment of $100 million towards nature-climate projects, notably an initial $30 million for Ghana's 'Resilient Ghana' plan, signifies a collective global effort for a sustainable future.

Follow us on our Whatsapp channel for latest news
 

Related videos

Related articles