France, Gabon and international partners have already mobilised 60 million dollars to further the country's ambitious conservation objectives.
28 October 2024. From Cali, the French Minister for Ecological Transition, Energy, Climate and Prevention, Agnès Pannier-Runacher, and the Gabonese Minister for Water and Forests, Brigadier General Maurice Ntossui Allogo, launched the Partnership for Forest Ecosystems, Nature and Climate or Country Package.
Calí, 28 0ctober 2024. At the UN Biodiversity Conference CBD-COP16 in Colombia, France and Gabon today announced a transformative, US $60 million ‘Country Package’ for Forests, Nature, and Climate collaboration that also includes support for the Project Finance for Permanence (PFP).
France, the Fonds d’amorçage des Partenariats Pays, The Nature Conservancy (TNC) representing the Enduring Earth partnership, the Global Environment Facility (GEF), and the United Nations Development Programme (UNDP) will work together to support Gabon’s commitments to forests, nature, and climate via the Global Biodiversity Finance Initiative (BIOFIN).
The countries signed a political declaration to indicate France’s support for the Gabon Project Finance for Permanence (PFP) within the wider country package that was agreed between countries last spring. The country package recognises the importance of Gabon’s unique ecosystems and supports extending protected areas rich in biodiversity and carbon reserves. The initiative is set to advance Gabon’s commitment to conserve 30% of its forests, fresh water, and marine ecosystems by 2030, aligning with its national obligations under the Kunming-Montreal Global Biodiversity Framework and the Paris Agreement.
The Nature Conservancy and Gabon’s agreement to collaborate on a PFP initiative through the Enduring Earth partnership will enable the country to meet its commitment to protecting 30 percent of lands, ocean and fresh water by 2030. Gabon is the first nation to make this triple commitment. The Gabon PFP is expected to protect more than 24,000 square kilometres of forestland, more than 8,000 square kilometres of ocean and 4,800 km of rivers. Improved forest management is expected to contribute the equivalent of 30 million tons of carbon mitigation annually. Building on these conservation commitments, the Gabon PFP will invest in sustainable community development to expand the benefits to Gabon’s communities.
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