Nations found to ignore Indigenous peoples, local communities in biodiversity plans
The vast majority of countries overlook or insufficiently involve Indigenous people and local communities (IPLCs) when drawing up biodiversity action plans, despite a large body of evidence that including them makes for far more effective nature conservation strategies, a report has found.
Read MoreICAO body recommends immediate or conditional CORSIA eligibility for seven carbon offset standards
ICAO’s Technical Advisory Body (TAB) has recommended that two carbon standards be immediately approved to supply credits to the global aviation sector’s carbon offset scheme for the 2021-23 pilot phase, while five others achieved conditional recommendations for 2024-26.
Read MoreAustralian bank to end land clearing support from 2026
Australia’s Westpac on Monday announced it will end lending to the conversion of natural forest to agricultural land, as it became the nation’s first bank to release a natural capital position statement and pledge an ambition to become nature positive.
Read MoreJapan pilots biodiversity support certificates to beef up nature spending
Japan has started the first phase in a pilot for companies seeking to generate certificates by supporting government-certified biodiversity projects that they can use in reports under the Taskforce on Nature-related Financial Disclosures (TNFD).
Read MoreMalaysia threatens repercussions as state reveals plan to remove forest protections
Malaysia’s federal government on Saturday said it would end biodiversity-related payments to Kelantan if the state goes through with its plans to remove protections for vast areas of rainforest.
Read MoreTalks fail again to agree protection of vast Antarctic marine regions
Two weeks of negotiations among the almost 30 member nations of the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) ended Friday evening in Hobart, Australia with a fresh failure to establish three marine protected areas (MPAs) in the region representing more than 1% of the global ocean.
Read MoreJapan certifies over 100 OECMs in bid to drive private sector biodiversity action
Japan’s environment ministry this week concluded the certification of 122 sites across the country as Other Effective area-based Conservation Measures (OECMs), its core policy to incentivise businesses to contribute towards the country meeting its 30 by 30 biodiversity protection targets.
Read MoreChina releases four methodologies for revamped CCER scheme
China on Tuesday published methodologies for four project types that will be eligible to generate Chinese Certified Emissions Reductions (CCERs), providing clarity for developers and investors.
Read MoreNature remains niche in sustainable finance market but room for growth, report finds
Investments in nature still make up only a minor part of the sustainable finance market, though their share of the ESG bond market is increasing and there is growth potential for carbon credits with nature-based co-benefits as well as in the emerging biocredit market, according to new analysis.
Read MoreBiodiversity project developer eyes carbon exchange listings after Cercarbono deal
A company developing biodiversity credits in South America is in the closing stages of having its project methodology approved by standard body Cercarbono, after which it hopes to have its credits listed on two carbon trading platforms before the end of the year.
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