NEWS
At COP30, AfDB, development partners call for major new financing to accelerate Africa’s Great Green Wall initiative
At the 30th United Nations Climate Change Conference (COP30) in Belém, Brazil, development partners including the African Development Bank, urged for a scale up in financing to deliver the Great Green Wall’s 2030 targets.
Currently funded by contributions from Member States and development partners, this African Union initiative aims to restore 100 million hectares of degraded land, sequester 250 million tonnes of carbon and create 10 million jobs in 11 countries in the Sahel region, stretching from Senegal in the west to Djibouti in the east of the continent.
Sow moderated a session during the climate conference titled ‘Scaling up finance for the Great Green Wall: from climate ambition to integrated action for Land, Nature and People’. The session was organised by the Pan-African Agency for the Great Green Wall, the African Development Bank Group and the World Food Programme, as a forum to discuss strategies for mobilising large-scale financing, including private and innovative resources. The Pan-African Agency for the Great Green Wall, based in Nouakchott, is the implementing body for the Great Green Wall Initiative.
In January 2021, €19 billion in contributions were announced for the Great Green Wall during a round table organised in Paris alongside the One Planet Summit on biodiversity. The African Development Bank, a leading partner in the initiative, indicated that it would contribute approximately $6.5 billion through its ongoing programmes.
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