Biodiversity
Biodiversity market takes off at COP16, in shadow of carbon credit chaos
Several new guidelines for biodiversity credits were launched at COP16 in Cali, Colombia, where activists warned on risks to nature conservation efforts
COP16 hands power to Indigenous people but fails to bridge nature finance gap
UN biodiversity summit produces mixed results, with gains for Indigenous people and disagreement on how to raise and manage funding for nature protection
Fossil fuel transition pledge left out of COP16 draft agreement
An earlier draft decision at the UN nature summit included a call to transition away from fossil fuels – but it has been cut from the latest version
At COP16, countries clash over future of global fund for nature protection
Some biodiverse developing nations want to replace it with a new fund that would give them a bigger say in how it’s run and easier access to its resources
COP16 confronts “huge” challenge of protecting 30% of world’s land and sea
Ahead of the UN biodiversity summit, countries are urged to come up with strong new plans and funding to meet global nature goals
Biodiversity finance grew ahead of COP16 but came mostly as loans, says OECD
Funding for efforts to protect and restore nature increased to $15.4 billion in 2022 – mostly driven by concessional loans from multilateral banks
The UN can set a new course on “critical” transition minerals
A high-level panel is working to define principles for responsible mining, which will be presented to the UN General Assembly in September
FAO draft report backs growth of livestock industry despite emissions
Experts say the UN’s food agency has shied away from recommending less animal farming, though cutting methane emissions is a quick way to curb warming
Indigenous lands feel cruel bite of green energy transition
Mining companies have been offered a path to sustainability but few are taking it – Indigenous people need to be at the table demanding change
Shades of green hydrogen: EU demand set to transform Namibia
Backed by the EU, Namibia has a $20 billion plan to export green hydrogen. A secretive tender process raises concerns for nature and citizens.
Brazilian government eyes money from Amazon Fund for controversial road
Brazil’s transport ministry plans to bid for money from the Amazon Fund to pave the world’s “most sustainable highway”
Nature fund launched but financing questions remain
The new fund aims to be the primary tool to implement the Kunming-Montreal deal and deliver $200 billion a year to nature protection initiatives
Indonesia falls short on peatland restoration, risking destructive fire season
Data from the Indonesian government suggests efforts to restore peatlands, a key part of the country’s climate strategy, do not match government claims.
Amazon nations fail to agree on deforestation goal at summit
Eight South American nations agreed on a list of joint actions to protect the Amazon rainforest, but failed to mention a long-awaited target to halt deforestation.
UN deep-sea mining talks deadlocked over agenda clash
A dozen countries want to officially debate for the first time in history the possibility to halt deep-sea mining, but have faced opposition from China and the island-nation of Nauru.
Pressure grows on governments and banks to stop supporting Amazon oil and gas
An upcoming summit on protecting the Amazon has become the focus of a Indigenous and civil society-led campaign to set up an exclusion zone for fossil fuels
‘Historic milestone’: Ecuador nears vote to keep Amazon oil in the ground
Experts consulted by Climate Home News suggested the vote will define Ecuador’s economic model for the future.
“Green” funds destroy Indonesia’s forests – Climate Weekly
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China and Brazil to cooperate in stopping illegal trade fueling deforestation
Brazil’s president, Lula da Silva, met with his Chinese counterpart, Xi Jinping in China and announced new collaborations to control illegal deforestation.
France seeks EU loophole for French Guiana to power space sector with biofuels
Campaigners have warned the exemption risks setting an incentive for increased logging in Europe’s corner of the Amazon forest.