IPBES reveals massive unaccounted cost of environmental crises
Current decision-making has largely failed to consider the interlinkages between the ongoing crises in biodiversity, climate change, water, food, and health, with unaccounted-for costs estimated at up to $25 trillion per year, according to a landmark report released Tuesday by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).
Read MoreEngland proposes environmental overhaul to unblock development
The English government is consulting on plans to overhaul its environmental rules for the construction of buildings, aiming to shift away from a fragmented approach on topics such as nutrient mitigation towards a system centralised around a new fund.
Read MoreFood giant pulls out of plastic offsetting project in Indonesia
A food and drink multinational has dropped a plastic offsetting project in Indonesia, withdrawing its accreditation request under Verra’s plastic programme.
Read MoreAustralian state consults on draft biodiversity handbook for renewable energy project developers
The Victorian state government has published a draft guide for renewable energy project developers, proposing that each project must ensure there will be ‘no net loss’ to species of concern.
Read MoreAustralia’s peak land conservation body urges govt to ramp up nature spending
Australia must significantly increase its spending on and administration of nature, including putting more money into its planned biodiversity market and change its approach to generating carbon credits, according to the country’s peak conservation body.
Read MoreInsurance industry key to de-risking biodiversity credit markets, UNEP FI says
The UN Environment Programme Finance Initiative (UNEP FI) released on Thursday the first global guide for insurers to prioritise actions for nature, stressing their role in achieving global biodiversity goals, including through scaling emerging markets.
Read MoreAsset manager sets up Europe-focused biodiversity fund, targets raising €200 mln
A Luxembourg-headquartered asset manager has launched a fund aimed at supporting European companies and projects that contribute to biodiversity conservation and restoration, with the target of raising €200 million.
Read MoreBrazil’s BNDES, Conservation International issue $3.8 mln call for forest restoration
Brazil’s National Bank for Economic and Social Development (BNDES) and the NGO Conservation International Brazil have launched the Forest for Well-Being call for proposals, featuring funding of up to R$23 million ($3.8 mln).
Read MoreBiodiversity credit resource product launches
A set of pay-to-access resources on biodiversity credit metrics was launched on Thursday by analysis website Bloom Labs and consultancy the Biodiversity Footprint Intelligence Company (BioInt).
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