Malaysia needs to tighten safeguards as oil, gas overlap reefs, protected waters -study
Malaysia needs to tighten safeguards as its offshore oil and gas industry overlaps extensively with ecologically sensitive marine environments, leaving coral reefs and protected areas exposed to pollution and industrial activity, a study found.
Read MoreEU aims to launch blue carbon credits in 2030
The European Commission is developing a new blue carbon credit certification system that aims to reward the expansion and creation of marine ecosystems for their role in absorbing CO2, a senior official said, while presenting the EU’s new island and coastal strategy.
Read MoreINTERVIEW: Italian water resilience project for fashion sector expects €10 mln by 2029, eyes biodiversity credits
An Italian nature-based solutions (NbS) project aimed at improving water resilience for the fashion sector, while also seeking to generate biodiversity credits, expects to raise at least €10 million by 2029, Carbon Pulse has learned.
Read MoreEU Nature Restoration Law needs dedicated funding to succeed, report says
The EU member states will struggle to enforce the Nature Restoration Regulation (NRR) unless the European Commission allocates dedicated funding in the bloc’s upcoming long-term budget, according to a new report.
Read MoreAustralia’s revised environmental offsets standard still fails to stack up, conservation body says
Australia’s second attempt at drafting its National Environmental Standard for Environmental Offsets still has glaring integrity issues that have yet to be resolved, according to a conservation body.
Read MoreColombia signs deforestation-free cattle law ahead of EUDR, aims to tackle main emissions source
Colombia has enacted a landmark law requiring traceability and due diligence across its cattle supply chain, a move designed to curb deforestation-linked beef production while helping exporters comply with the EU’s upcoming anti-deforestation regulation (EUDR).
Read MoreSociete Generale invests €100 mln in nature-based solutions fund
France-headquartered multinational bank Societe Generale has pledged €100 million to a fund aimed at supporting nature-based solutions (NbS) projects worldwide.
Read MoreFinnish organisation to set up buyers’ club for nature credits
A Finnish landowners’ association has announced plans to set up a buyers’ club for nature credits as part of its efforts to support market uptake in the country.
Read MoreOcean advocates, scientists press COP31 hosts to make next climate summit a “Blue COP”
More than 150 scientists, policymakers and public figures have urged the incoming COP31 presidencies of Turkiye and Australia to make next year’s UN climate summit a “Blue COP”, calling for ocean issues to be written into the formal negotiations and backed by finance outcomes.
Read MorePeru adds WWF-backed green microcredits programme to growing portfolio of biodiversity finance tools
Peru continues to expand its biodiversity finance toolkit after WWF-Peru and a local association of microfinance institutions launched a partnership aimed at developing green microcredit products and integrating biodiversity considerations into lending decisions.
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