Posted on November, 08 2024

In today’s world, the interconnectedness of societies, ecosystems, and economies is undeniable. Crises such as climate change, biodiversity loss, and conflicts transcend borders, impacting everyone.

To effectively address both current and future challenges, as well as setbacks in human rights, sustainable development, and gender equality, the EU urgently needs additional resources. Investing in these areas benefits both EU citizens and people worldwide, reinforcing global security and stability.

A bold, forward-looking budget for external action will enable Europe and its partners to better prepare for and withstand shocks. For ODA investments to achieve meaningful impact, the EU’s approach to international partnerships must be rooted in a rights-based framework that prioritises human dignity, environmental stewardship, and equitable development. Prioritising the needs of partner countries will help advance the SDGs, support climate adaptation, and protect biodiversity, while fulfilling commitments under the Paris Agreement, Agenda 2030, and the Global Biodiversity Framework.

The EU also stands to gain significantly from ODA investments. Strengthening the EU’s credibility as a committed international partner enhances its ability to promote the Union’s values and geopolitical interests. A more peaceful, equitable, and environmentally stable world is not only a moral imperative but also a foundation for long-term prosperity.

This joint statement, endorsed by WWF, explains why expanding EU ODA to at least €200 billion over the next Multiannual Financial Framework is a strategic investment that aligns with Europe’s commitments to biodiversity, climate adaptation, and sustainable development.