Green group urges EU to create nature restoration funding mechanism in freshwater biodiversity push
The EU needs a dedicated funding mechanism to help member states prepare and implement their national restoration plans on nature and lead the world on freshwater biodiversity, green group Nature Conservancy urged as global negotiators are gathered for the three-day UN Water Conference in New York.
Read MoreMonacan foundation, asset manager launch €100-mln marine protection fund
The Prince Albert II Foundation and Monaco Asset Management have launched a fund that aims to invest €100 million this decade in start-ups seeking to reduce ocean pollution and protect marine ecosystems.
Read MoreBank says govt regulations needed to ensure well-functioning voluntary biodiversity credit market
The voluntary market for biodiversity credits is emerging on the back of increased pressure on corporations to report on their impact on nature and set their own targets, but government regulations can help drive demand and ensure a well-functioning market that buyers can trust, according to the Commonwealth Bank.
Read MoreStart-up sells first kelp reforestation credits, eyes registration under leading carbon standards
An Australian start-up has sold its first batch of Kelp Reforestation Credits to a commercial fishing company and has begun the process of developing a carbon credit methodology for kelp reforestation under two well-established carbon offset standards.
Read MoreSustainable investment firm closes €170-mln ocean fund
A London-based sustainable investment provider has closed its Blue Ocean Fund at €170 million, making it the world’s largest VC fund focused on the regeneration of ocean health.
Read MoreBiodiversity Credit Alliance could serve as nature’s IC-VCM on governance, experts say
There is considerable potential for the Biodiversity Credit Alliance (BCA) to serve a similar function to the cross-stakeholder Integrity Council for the Voluntary Carbon Market (IC-VCM), though a key difference will be that this initiative is not two decades overdue, a panel heard Thursday.
Read MoreForestry investor begins measuring biodiversity baselines in preparation for incoming nature markets
A global forestry investment company has begun measuring biodiversity baselines across its assets in anticipation of emerging nature markets, a company representative said Thursday.
Read MoreAgreement on high-level principles needed before scaling biodiversity credit market -experts
Anchoring high-level principles that will underpin voluntary biodiversity credits is needed before more technical details can be ironed out, according to a panel of experts that spoke Wednesday about the barriers to market scale.
Read MoreStakeholders take aim at insurance firm’s biodiversity paper
A report from a major insurer on quantifying nature loss risk has been critiqued by several stakeholders in the nascent biodiversity crediting market citing poor data and undervaluing the impact of the destruction of species on the economy.
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