ANALYSIS: Lessons from America as EU eyes green subsidy boost
The potential repercussions of the US Inflation Reduction Act (IRA) on the EU have been high on the political agenda in recent weeks, with EU policymakers looking to respond by reshaping state aid rules and bolstering industrial policy while navigating arguments that nearly torpedoed the IRA’s passage into law.
Read MoreFEATURE: Piloting biodiversity credits sees different methodologies to leverage finance
Projects in the nascent voluntary biodiversity credit (VBC) market are already piloting different approaches to measuring biodiversity improvements ahead of larger standards that could emerge as early as next year.
Read MoreCOP15: Developing countries walk out of talks due to impasse on finance mechanism
A large group of developing countries walked out of COP15 UN biodiversity negotiations in the early hours of Wednesday morning, pointing to continued struggles related to money.
Read MoreCOP15: Finance tops list of crunch issues as ministers arrive in Montreal for high-level section of talks
Ministers and other top delegates have started to arrive at the UN’s COP15 negotiations ahead of the Dec. 15-17 high-level segment that is meant to polish off a new global agreement on biodiversity.
Read MoreCOP15: “Glimmers of light” in dark landscape as IUCN documents restoration efforts
While extinction threats, tipping points, and ecological collapse have dominated newsfeeds at the COP15 biodiversity negotiations in Montreal, a new IUCN tool allows viewers to track progress on targets to restore degraded landscapes, providing “glimmers of light” in an otherwise dark landscape.
Read MoreCOP15: More than 100 investors sign on to biodiversity impact initiative
A group of global institutional investors launched the Nature Action 100 (NA100) at the UN’s COP15 biodiversity negotiations on Sunday, calling on the financial sector to help address nature loss through engagement and decision making which incorporates portfolio companies’ impact on biodiversity.
Read MoreCOP15: Is ambition on biodiversity dropping with the draft agreement’s bracket count?
Delegates met for the fourth day of official negotiations at the UN COP15 biodiversity talks on Saturday, where the pace of progress is accelerating to agree the text that will form the post-2020 global agreement – but only if “progress” is measured in “bracket count”, according to some groups of observers.
Read MoreCOP15: New tool revealed to track finance flows for biodiversity alignment
A new tool that tracks and rates $31 trillion in global financial flows for their biodiversity impact was launched on the sidelines of the UN’s COP15 biodiversity summit on Saturday, touted as a first step for broad-based financial realignment towards nature-positive outcomes.
Read MoreCOP15: 30×30 unlikely to be achieved without agreement to address drivers of degradation -experts
While an agreement by global governments to protect 30% of the world’s land and sea area by 2030 would likely dub the Montreal negotiations a success, more is needed on how to address the drivers of biodiversity degradation, say experts, or risk condemning targets to empty promises.
Read MoreCOP15 opens with heavily bracketed text, long road ahead for new agreement
The UN’s biodiversity negotiations opened in Montreal on Tuesday, with high-level statements noting the significant challenges that lie ahead in forging a new global framework to halt and reverse the alarming rate of nature loss, as global delegates brace for intense negotiations over a currently heavily bracketed text.
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