Somalia Launches $12.8 Billion National Climate Investment Plan at COP31

Mogadishu, (SONNA) – The President of the Federal Republic of Somalia, H.E. Hassan Sheikh Mohamud, accompanied by the Minister of Environment and Climate Change, H.E. Lt. Gen. Bashir Mohamed Jama, has launched Somalia’s National Investment Plan under the Third Nationally Determined Contribution (NDC) initiative in Antalya, Türkiye.

The plan comprises seven pillars, 27 programmes and 44 investment initiatives, with an estimated financing requirement of $12.8 billion over the next decade. It aims to support development across agriculture, livestock, fisheries, water, energy, health and environmental protection.

President Hassan Sheikh Mohamud said Somalia had made significant efforts to address the impacts of climate change and developed comprehensive plans to tackle environmental challenges. He stressed the importance of securing international financing and cooperation to mitigate the effects of droughts and floods and strengthen community resilience.

Representatives from the Government of Denmark, the World Bank, United Nations agencies and the African Development Bank attended the launch, where discussions focused on investment opportunities and support for implementing the plan.