Wealthiest consumers’ environmental damage costs up to $5.7 trillion a year -study
The annual damages to climate and biodiversity caused by consumption of the wealthiest 10% of consumers worldwide is between $1.7 and $5.7 trillion, a study has estimated.
Read MoreFunding for community land rights doubles since forest pledge -report
Annual funding for Indigenous Peoples, local communities, and Afro-descendant Peoples to secure collective land rights has more than doubled following a 2021 forest pact, indicating significant progress in advancing tenure rights, a report said on Wednesday.
Read MoreINTERVIEW: New standard body EE looks to revive REDD market with fresh approach
Few markets have faced as severe a reputational battering as the REDD+ avoided deforestation sector in the last couple of years, but new standard body Equitable Earth (EE) plans to restore faith in saving tropical forestry with a fresh approach that is already set to protect an area the size of Portugal, the chief executive told Carbon Pulse this week.
Read MoreIsraeli ag tech company issues first verified carbon credits
An Israel-based agricultural technology company has issued its first verified carbon removal (CDR) credits, with plans to “disrupt the global CDR market”, according to its CEO.
Read MoreLCAW26: Financial institutions endorse TFFF ahead of COP17
Twelve investors and one supporter have endorsed the Tropical Forests Forever Facility (TFFF), sharing a joint statement at London Climate Action Week (LCAW) and calling for more signatories ahead of the UN’s upcoming biodiversity talks in October.
Read MoreGlobal business leaders look to sustainability for competitiveness, call for policy certainty across economies -report
The majority of senior leaders across more than 500 global businesses expect sustainability to be a source of competitive advantage over the next five-10 years, according a CEO-led, global business group.
Read MoreBloomberg Philanthropies pledges $260 mln to ocean protection
Bloomberg Philanthropies has allocated $260 million to expand ocean conservation worldwide, including in the high seas.
Read MoreLCAW26: Nature-based carbon projects face catch 22, report says
Project developers working on nature-based carbon are trapped within a structural catch 22 whereby an offtake is necessary to receive investment, but funding is required to secure an offtake, according to a report launched at London Climate Action Week (LCAW) on Monday.
Read MoreLCAW26: Asset manager hits back at Verra CEO’s claim standardisation would grow biodiversity credit market
An asset manager focused on tropical forest protection pushed back against Verra at London Climate Action Week (LCAW) on Monday, disputing the crediting standard’s claims that the emerging biodiversity credit market needs greater standardisation to grow.
Read MoreDeclining local species prevalence linked to higher extinction risk, study finds
Species with declining prevalence in local populations are largely associated with higher extinction risk, according to a study that suggests monitoring such changes could help inform conservation efforts.
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