UAE fintech partners with Sri Lankan developer to deliver biodiversity, oxygen credits next month
A Dubai-headquartered fintech firm has teamed up with a Sri Lanka-based project developer to generate and issue biodiversity and oxygen credits within a pilot restoration project in the Belipola private forest.
Read MoreRestoring 11 key EU rivers can help achieve 10% of freshwater biodiversity target, WWF says
Restoring key EU rivers can help achieve 10% of the bloc’s biodiversity targets under the Nature Restoration Law while strengthening countries’ resilience to the climate crisis, a new report has shown.
Read MoreInternational panel releases survey results on biodiversity credit market models
Many companies believe mandatory offsetting requirements would be critical for the biodiversity market to scale, according to submissions to the International Advisory Panel on Biodiversity Credits’ (IAPB) second round of consultation with market participants.
Read MoreArgentine developers to market first biodiversity credits at COP16
Two Argentine developers have partnered with a Switzerland-headquartered foundation to launch separate biodiversity credit projects in two South American forests over 11,000 hectares, with plans to market them at the upcoming COP16 summit, Carbon Pulse has learned.
Read MoreSustainability-linked bonds increasingly tied to biodiversity, UNDP says
Biodiversity is increasingly included as a key performance indicator (KPI) in sustainability-linked bonds (SLBs), as the market is expected to accelerate compared to last year, a UN Development Programme (UNDP) official has said.
Read MoreUN proposes global fund for sharing benefits derived from plant, animal DNA sequencing
The UN drafted on Monday a proposal to establish a global fund for sharing some of the multi-trillion dollar revenues derived from products that leverage the use of the DNA sequences of plants, animals, and microbes, known as digital sequence information on genetic resources (DSI).
Read MoreStudy finds BNG metric brings no gains for birds, butterflies
There’s no evidence that Biodiversity Net Gain (BNG) units developed using the statutory biodiversity metric in England result in improvements for birds and butterflies, as additional conservation efforts are needed to reach 10% net gain for those species, a newly published study has found.
Read MoreEU imports still drive substantial global deforestation, report unveils
EU member states continue to drive deforestation from their direct imports, with the bulk of clear cutting associated with cocoa and oil palm products.
Read MoreIUCN adds over 1,000 threatened species to its Red List
The International Union for Conservation of Nature (IUCN) has added over 1,000 species of plants and animals to its Red List of Threatened Species, bringing the total to 45,000.
Read MoreCanada launches C$335 mln fund to support Indigenous-led marine conservation
Canada’s federal government announced on Tuesday a C$335 million ($245 mln) allocation in blended finance to support First Nations in the preservation and stewardship of the Great Bear Rainforest’s marine and coastal environment.
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