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Week 14: Conservation Finance News

by Insights Team on

Deramakot Forest Reserve (Sabah) Achieves Longest FSC Certification

Deramakot Forest Reserve in Sabah attains its fifth FSC certification, establishing itself as the world's longest FSC-certified tropical forest, showcasing sustainable forest management practices. This milestone has led to the certification of 43 SFMLAs, covering 1.53 million hectares. To learn more, you can click here.

 

Transboundary Haze Law Unviable Without Bilateral Agreement

The realisation of the Transboundary Haze Law depends on bilateral agreements with involved countries, according to Malaysia's Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad. Click here to know more. 

 

UK launched Biodiversity Net Gain Tool for Small Developers

An online tool, the Biodiversity Net Gain Tool by Joe's Blooms, helps small developers comply with BNG laws, facilitating biodiversity enhancement and planning permission at a fraction of the cost. Available on the UK government-backed Planning Portal, it aims to streamline BNG responsibilities for developers. Click here to know more.

 

Study Reveals Economic Benefits of Marine Protected Areas (MPAs)

An assessment of MPAs in 34 countries demonstrates that ocean conservation can generate significant economic benefits for the fishing and tourism industries, with potential profits reaching billions. To know more, you can click here.

 

EU Faces Challenges at COP16 without Nature Restoration Law

A last-minute failure to green-light the so-called Nature Restoration Law will leave the European Union “empty-handed” at the upcoming UN summit on biodiversity, EU Commissioner for Environment Virginijus Sinkevicius said during a bitter speech on Monday. Click here to know more.

 

Australia Considers Including OECMs in Nature Repair Market

Australia seeks input on including OECMs in its Nature Repair Market for biodiversity credits, aligning with GBF targets. OECMs, protecting nature without recognition, could earn credits pending committee approval. The consultation ended on 17th April 2024, with final regulations expected before October's Global Nature Positive Summit. To know more, you can click here.

 

Brazil and France Announce €1 Billion Plan for Amazon Bioeconomy

The Brazilian and French presidents have announced a €1 billion investment plan to address climate change and deforestation in the Amazon, as Brazil strives to boost international funding for environmental protection under its G20 Presidency. Click here to know more.

 

NA100 Released Guide on Engaging with Priority Sectors

Ceres released a guide for investor members of the Nature Action 100 (NA100) initiative representing over $28.6 trillion in assets under management, offering insights and actionable steps for engaging with companies in eight priority sectors to address the biodiversity crisis. To know more, you can click here.

 

South Coast NRM Seeks $3.8 million for Regional Nature Repair Model

South Coast Natural Resources Management (NRM) in Australia aims to secure $3.8 million in state funding to establish environmental accounts, driving conservation efforts in the southern coastal region. Click here to know more.

 

Japan Unveils Nature Positive Economy Transition Strategy

Japan releases a Nature Positive Economy Transition Strategy, focusing on creating international impact by assisting companies in becoming nature-positive and meeting commitments under the GBF. To know more, you can click here.

 

Shifting from Rewilding and Biodiversity to Essential

A new study underscores the significance of rewilding and biodiversity restoration projects, emphasizing their potential to sequester carbon and address biodiversity loss. Spearheaded by global sustainable development consultancy Arup and nature recovery experts Nattergal Ltd, the study examined the rewilding work at the Knepp estate in West Sussex, England. Click here to know more.