GEF Council ringfences nearly $700 mln for biodiversity protection, chemical management in developing countries
The Global Environment Facility (GEF) Council has approved nearly $700 million in financing to support developing countries in enhancing chemicals and waste management and protecting biodiversity.
Read MoreANALYSIS: 2024 ends in frustration for nature with trust among countries at low ebb
Frustration over inaction on the nature crisis has built following the overall poor outcomes of this year’s international talks, in what is described as an unprecedented climate of distrust, with observers arguing 2025 could be critical for global efforts on biodiversity.
Read MoreVerra opens applications for Nature Framework expert panel
Crediting standard Verra has opened applications for a panel of biodiversity experts that will be tasked with reviewing projects under its Nature Framework, the company announced Thursday.
Read MoreNew study could ‘lay the groundwork’ for biodiversity credit markets, author says
A soon-to-be-released method has proven effective in detecting hundreds of species in the Amazon combining AI and remote devices, with researchers planning to implement it globally in a way that could support science-based nature markets, the project leader told Carbon Pulse.
Read MoreINTERVIEW: Biodiversity credits could help African smallholders access global markets
Biodiversity credit markets have the potential to finance African smallholders’ transition towards sustainable practices and help them meet new regulations such as the EU Deforestation Regulation (EUDR), the vice president of a Nairobi-headquartered organisation told Carbon Pulse.
Read MoreFood giant pulls out of plastic offsetting project in Indonesia
A food and drink multinational has dropped a plastic offsetting project in Indonesia, withdrawing its accreditation request under Verra’s plastic programme.
Read MoreInsurance industry key to de-risking biodiversity credit markets, UNEP FI says
The UN Environment Programme Finance Initiative (UNEP FI) released on Thursday the first global guide for insurers to prioritise actions for nature, stressing their role in achieving global biodiversity goals, including through scaling emerging markets.
Read MoreUK companies urge govt to support development of nature markets
The UK government should ramp up efforts to support the development of nature markets, acting as buyer of last resort to drive demand, a membership organisation comprised of some major corporates and NGOs in the country has said.
Read MoreSwiss company, Swedish non-profit to develop nature framework for biodiversity investments
A Switzerland-based advisory company and a Swedish non-profit have partnered to develop a framework to ensure investments towards a soon-to-be-established biodiversity fund lead to positive outcomes for nature, potentially targeting biodiversity credit projects.
Read MoreUN warns of worsening land drying, as pressure mounts on desertification COP
The UN Convention to Combat Desertification (UNCCD) has raised concerns over the alarming increase in land aridification registered in the past few decades, as pressure has mounted on negotiators in Ryhad to seek solutions to the ongoing crisis.
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