Who We Are

At the UNFCCC COP28, a small group of countries united behind the idea of a new Ministerial Alliance for Ambition on Nature Finance. The purpose of the Alliance is to co-create a coalition of like-minded countries working together to hold donor countries accountable to the commitments made in the Kunming-Montreal Global Biodiversity Framework.

The Alliance is focused on ensuring that the Target 19a commitment to deliver USD 20 billion annually in international biodiversity finance to developing countries by 2025 is achieved. The Alliance will publicly champion the importance of achieving nature finance targets and demonstrate the need for international finance by showcasing projects ready for investment.

Our Goals and Motivations

The Ministerial Alliance for Nature Finance works to champion the importance of fully achieving the nature finance targets that the world agreed to in December 2022 in the Kunming-Montreal Global Biodiversity Framework (KM-GBF). In particular, the Alliance is focused on the fastest-approaching of these finance targets: the commitment to increase international biodiversity finance to developing countries to at least $20 billion annually by 2025.

A number of governments, international entities and the CBD are discussing resource mobilization, but, currently, there are no clear public plans for how donor countries intend to reach the $20 billion figure, which is roughly double the current levels of international biodiversity finance. The Alliance will complement those efforts with its focus on ensuring that priority is placed on delivering the $20 billion target as a crucial first step.

International biodiversity finance is just one of the financing targets, but it is especially important given that it is the most imminent of all of the targets in the KM-GBF and given the crucial role it plays in unlocking resources domestically. 

It is also a faster and more reliable form of finance than many other sources. Domestic resource mobilization and comprehensive subsidy reform will be needed to close much of the finance gap by 2030. Increased international finance can serve as an early catalyst for greater investment and help advance conservation and restoration and projects immediately in some of the world’s most important areas for biodiversity. 

This commitment to international biodiversity finance is not charity from wealthier countries. It is a promise that must be kept and one of many investments that is required to help achieve global nature and climate goals, sustainable economic development, social stability and geopolitical security. The countries that are best positioned to make this investment are those that have benefited economically the most from practices that have negatively impacted the state of biodiversity inside and outside of their borders. There is an obligation for these countries to increase their efforts to ensure progress towards our collective biodiversity goals. Ultimately, biodiversity is a global public good that has value for the whole world.

What Will The Alliance Do?

Publicly and privately highlight the importance of the $20B target.

The Ministerial Alliance on Nature Finance will help to increase global public understanding and raise the stakes with donor ministers and officials of the need for donor countries to deliver the $20B on time. 

Publicly track nature finance - including commitments from donor countries towards the $20B target.

The Alliance will maintain and publicly highlight this Nature Finance Tracker of the commitments that donor countries have made towards the $20B target, showing the gap that needs to be filled. Members of the Alliance will also showcase the steps that they are taking to increase nature finance domestically, helping to underscore the fact that fully closing the biodiversity finance gap will require actions from all countries.

Demonstrate the need for international finance by showcasing conservation projects ready for investment.

The Alliance will publicly highlight projects in member countries that are ready for financial support, and increase awareness and support for specific projects.

 FAQs

  • Nigeria serves as the Founding Chair. Inaugural members include Burkina Faso, Cote d'Ivoire, Ethiopia, Liberia, Guinea, Samoa, Sierra Leone, Somalia, The Gambia, Togo, Vanuatu and Zambia.

  • The formation of the Ministerial Alliance was publicly announced at the high-level event being planned for Nature Day on December 9 at COP28 in Dubai: From Agreement to Action: Harnessing 30x30 to Tackle Climate Change.

  • The MAANF is an intergovernmental organization. We welcome new members and encourage you to email our Secretariat to note your interest.

  • There is no cost for countries to join the Alliance. However, there are a set of responsibilities that each member commits to undertaking. To find out more email us.