Biodiversity Pulse: Thursday June 13, 2024

Published 17:19 on June 13, 2024  /  Last updated at 17:19 on June 13, 2024  / Carbon Pulse /  Biodiversity, Newsletters

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Presenting Biodiversity Pulse, Carbon Pulse’s free newsletter on the biodiversity market. It’s a twice-weekly summary of our news plus bite-sized updates from around the world. Subscribe here

All articles in this edition are free to read (no subscription required).

TOP STORIES

UK govt-linked voluntary biodiversity credit scheme eyes expansion

The UK’s first voluntary biodiversity credit scheme is set to expand over the next two months, with 10 projects ready to be added to the newly-established framework, Carbon Pulse has learned.

Companies still don’t trust a stand-alone market for biodiversity, experts say

A business case for voluntary biodiversity credits is not there yet, as companies prefer to engage in the carbon market with biodiversity co-benefits due to a lack of trust in a stand-alone market, experts have told Carbon Pulse.

MARKET

INTERVIEW: Selling biodiversity net gain units might take 10 years, land manager says

Selling all the biodiversity net gain (BNG) units from one large conservation project in England could take up to a decade, if they trade at all, with the current system unable to drive large-scale landscape recovery on its own, a land manager has said.

BUSINESS & FINANCE

Danish companies recommend halting biodiversity loss by 2030

Some 22 organisations from across the private, non-profit, and academic sectors in Denmark have agreed with an alliance’s set of guidelines that recommend halting biodiversity loss by 2030 at the latest.

Biodiversity and electricity grids can co-exist, EU power association says

Protecting biodiversity while deploying more infrastructure to decarbonise electricity production is possible and desirable, according to a new guidebook released on Thursday.

WRI-led initiative drafts strategy to restore 50 mln hectares in Latin America by 2030

A regional partnership seeking to advance nature conservation efforts in Latin America and the Caribbean has drafted a new strategy to meet the ambitious goal of protecting and restoring 50 million hectares of land by 2030.

IDB targets scaling biodiversity finance, markets in mainstreaming nature plan

The Inter-American Development Bank (IDB) Group has launched a natural capital and biodiversity action plan, planning to embed natural capital more deeply into its operations while scaling biodiversity finance mechanisms.

UBS partners with non-profit to limit investment impacts on nature

UBS has partnered with a nature-focused non-profit to better understand how to limit impacts to nature in clean energy investments, with the findings released on Thursday.

Voluntary corporate disclosures often ‘insufficient’ to address nature-related risks, study says

‘Well-intentioned’ initiatives such as the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations often fail to provide stakeholders with decision-useful information, as companies tend to highlight their sustainability successes rather than nature-related risks, found a study published on Monday.

POLICY

GEF Council to approve $700-mln spending on environment amid heated debate over GBF Fund’s role

The Global Environmental Facility (GEF) Council is set to approve a spending package of over $700 million next week, including the first-ever projects supported by the Global Biodiversity Framework Fund (GBFF), amid mounting debate over the fund’s potential to effectively address the financing gap on biodiversity.

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CONFERENCE

The HackSummit, Europe’s largest gathering of ClimateTech builders and investors is taking place in Lausanne, Switzerland on June 13-14. And you’re invited. You’ll be in great company with 1,500 of the brightest minds in climate and biodiversity, including Marty Odlin of Running Tide, Kevin Webb of Superorganism, Zoe Balmforth of Pivotal, Leo Caprez of BrainForest and Sonja Stuchtey of The Landbanking Group. And it’ll probably be the most fun you’ll have at a ClimateTech Summit this year. Ready to join? Use the code CARBONPULSE20 to save 20% on your pass.

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BITE-SIZED UPDATES FROM AROUND THE WORLD

MARKET

Part of the team – French nature NGO Noe has joined the Organization for Biodiversity Certificates (OBC). The group is preparing announcements regarding a biodiversity credit market roadmap as well as claims for COP16 in Colombia, and Noe will join those preparations alongside Gold Standard, EcoAct, Kering, Adryada, and Planete Urgence, with consultants EY also involved, OBC said in a LinkedIn post.

BUSINESS & FINANCE

High five – Five key principles for financiers to better align with the GBF have been endorsed by 74 civil society organisations. The briefing note said finance should commit to reversing biodiversity loss, prioritise the rights of Indigenous Peoples and local communities, foster a just transition, ensure ecosystem integrity, and align institutional objectives across sectors. Non-profits including Friends of the Earth US published the document.

Bonding time – Biodiversity bonds could have a record year as society is pushed to do more to protect nature, The Business Times reported. Bonds incorporating biodiversity loss prevention and nature protection objectives have accounted for almost a third of all debt issued this year with an ESG label, it said. At this pace, the year’s total biodiversity-related issuances could come close to $300 bln, it said.

POLICY

COP16 security – Some 12,000 security personnel will deploy to secure COP16 in Cali, Colombia as the region faces a wave of guerrilla violence, Manila Standard has reported based on information from AFP. A total of 1,600 soldiers and 4,000 police will join 6,000 others already in the city to secure the area following a spate of bombings and gun attacks. The violence has been blamed on members of a group who are said to be involved in illegal drugs and mining.

Aussie parks – The government of South Australia (SA) announced on Sunday an A$30 mln funding boost for national parks in the 2024-25 state budget. Deputy Premier Susan Close said the extra money is a significant investment in protecting wildlife, enhancing biodiversity, and preserving native vegetation. A$10 mln will go towards landscape management and ecosystem protection, while A$20 mln will be allocated to improve services across SA’s network of more than 350 national parks and reserves.

Greener – Senegal is planning to set up a national fund to help build a green economy, with a focus on agriculture, waste management, and biodiversity, Afrik21 reported. Large-scale energy efficiency projects will be a priority of the fund to reduce carbon emissions, while the approach to nature and biodiversity will be aligned with the West African nation’s national biodiversity conservation strategy once that has been updated.

First of its kind – The Cook Islands has turned its 155-ha Takitumu Conservation Area into an Other Effective area-based Conservation Measure (OECM), the first in the Pacific, reported Cook Islands News. The forested area stretches across three regions in southeastern Rarotonga, and has been protected by three landowning families in order to protect the Kakerori bird, which is found nowhere else. In 1989 there were just 29 of the birds left, but that figure grew to 618 in 2023.

SCIENCE & TECH

Whale being – Gray whales that spend their summers off the Canadian coast lost an average body length of around 13% between 2000 and 2020, a study co-led by researchers at University of St Andrews and Oregon State University have found. The smaller size could have major consequences for their health, while raising alarm bells about the state of the food chain, researchers said in the report published by Global Change Biology.

They’re the worst – Invasive alien species like rats, cats, mongooses, and monkeys are the biggest threat to biodiversity in the Caribbean, as well as to human health and economic development, according to non-profit CABI. In a new report the organisation listed 171 species causing problems in the region. Invasive alien species have been implicated in 86% of all island species extinctions in the Caribbean over the past 500 years, it said. (Phys.org)

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