Consortium seeks GHG acreage in Australia for CCS
A group of companies said Thursday they have bid to explore several of the 10 areas made available for carbon capture and storage location exploration by the Australian government earlier this year in a bid to establish themselves in the emerging Asia-Pacific CCS value chain.
Read MoreAfrican projects earn accelerator status, eye biodiversity credits
The first African biodiversity accelerator has picked two initial winners, both forestry projects in the process of exploring options in the biodiversity credit market.
Read MoreCOP28: US developer, African Union agency eye huge landscape restoration projects
A US project developer and the African Union Development Agency (AUDA) have penned partnerships with two African countries that call for millions of hectares of land to be restored, with as much as 3 billion tonnes of CO2 to be sequestered over the next half century.
Read MoreCOP28: Nations to review debt interplay with nature, climate
Colombia, Kenya, and France on Monday said they will launch an expert review of the relationship between, debt, nature loss, and climate change in a bid to better position nations to solve the three major crises.
Read MoreMirova invests in biodiversity credit developer, plans new $350 mln sustainable land strategy
Investment manager Mirova has invested in a Colombia-based developer of biodiversity credits as part of the final deployment of its Land Degradation Neutrality (LDN) strategy, while at the same time announcing plans to raise $350 million for a new sustainable land management strategy.
Read MoreCOP28: Multilateral development banks release common nature-positive finance principles
The world’s major multilateral development banks on Saturday launched a first common set of principles to track nature-finance positive as part of a move to scale up and mainstream activities that protect and restore nature and biodiversity.
Read MoreCOP28: Japan to include blue carbon in UN GHG accounting, raising offset concerns
From next year Japan will become the first country to include full seabed carbon sequestration data in its UNFCCC greenhouse gas inventory, raising concerns among some observers this will open the door to offset more fossil fuel use.
Read MoreCOP28: Canada to legislate nature accountability
Canada plans to next year introduce legislation that would hold the government accountable for making progress towards and meeting its commitments on nature and biodiversity, Environment Minister Steven Guilbeault announced Saturday.
Read MoreCOP28: Nature damaging finance outweighs positive contributions by more than 30 to 1
Global public and private funding that has a detrimental impact on nature stands at a massive $7 trillion per year, while funding with a positive impact last year reached $200 billion, UNEP said in its annual State of Finance for Nature report, released Saturday.
Read MoreEU sees increased pressure from landowners to sort out OECMs
Private landowners are increasingly pushing for the EU to clarify how and to what extent Other Effective area-based Conservation Measures (OECMs) will be part of the bloc’s biodiversity strategy, a European Commission official told a webinar this week.
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