The critically endangered Malayan tiger, with fewer than 150 individuals left in the wild, faces a looming extinction threat. Enhanced patrols and advanced monitoring technologies are urged to protect against habitat loss, poaching, and human-tiger conflicts. Urgent collective action is vital to prevent their disappearance, despite the National Tiger Conservation Action Plan's initiation by the Malaysian government. To know more, you can click here.
Drone technology is being used by various agencies in Malaysia to monitor environmental protection, wildlife, and forest encroachment more effectively. This technology has helped detect bauxite waste disposal areas and is used for both strategic and non-strategic functions. The minister emphasized the importance of using drone technology responsibly and legally. Plans to improve the existing drone technology for more effective monitoring of environmental pollution are also in place. Click here to learn more.
Yayasan Sime Darby (YSD) highlighted its commitment to environmental conservation during its World Environment Day 2024 celebrations, focusing on protecting Malaysia's Central Forest Spine (CFS) and promoting community involvement in conservation efforts. The organization has directed nearly RM27 million towards conservation efforts in the CFS, working with eight project partners to promote reforestation and anti-poaching measures. To learn more, you can click here.
The FSB report notes G20 financial regulators' insufficient attention to biodiversity and deforestation risks, prioritizing climate risks. Some recognize potential credit losses and market corrections from nature-related risks in sectors like food production. FSB emphasizes the need for better methods to assess financial risks from ecosystem collapse, which is projected to cost 2.3% of global GDP by 2030. The report informs global discussions before COP16 on nature-related financial risks as financial authorities develop policies at different stages. Click here to learn more.
Over 130 businesses and financial institutions, with a revenue of $1.1 trillion, urge global leaders to speed up robust nature policies, including implementing the Biodiversity Plan. They call for immediate government action to strengthen policies, incentives, and legislation to encourage corporate action on nature, focusing on protection, sustainable management, and transitioning to a nature-positive economy. To know more, you can click here.
Ecosystem service credits can drive corporate action in the biodiversity market by helping companies address their nature dependencies. Eric Wilburn of NatureBridge suggests focusing on single ecosystem services to engage companies effectively. This approach aims to meet companies where they are, starting with one service and gradually increasing complexity over time. Ecosystem services, such as water quality and pollination, offer practical solutions for crediting schemes due to easier monitoring and high corporate reliance. To know more, you can click here.
UNEP FI's reports aid banks in integrating circular economy principles to address climate change, nature loss, and pollution. They guide signatories of the Principles for Responsible Banking to adopt circularity, redirect financial flows, and highlight potential economic benefits of $4.5 trillion annually by 2030. This aligns with responsible banking, climate objectives, and aims for inclusive economies. Click here to learn more.
Groundwater-dependent ecosystems are under threat due to declining groundwater levels caused by climate change and human water use. A new study, published in Nature, has mapped these ecosystems on a global scale for the first time, revealing that 53% of them are in areas with known groundwater depletion. Only 21% exist in protected lands or regions with policies for their protection. The research highlights the need for better data to track impacts and implement conservation projects to protect these ecosystems. Click here to learn more.
Inverto Earth, founded in 2022 in Bern, focuses on large-scale ecosystem restoration, using advanced technology like drones and algorithms to provide data on climate and biodiversity impacts. Their 'Mojo Village project' in Indonesia aims to restore 18,000 square meters of mangrove forest, protect plant and animal species, and sequester CO2, enhancing ecosystem diversity for robust ecological restoration. To learn more, click here.
The Coalition for Private Investment in Conservation (CPIC) discusses scaling biodiversity credit markets with global government regulation and demand-driving measures, crucial for significant growth supported by financial institutions and nature-positive initiatives. Collaboration with standards like SBTN and TNFD, as well as efforts from the World Economic Forum, McKinsey & Co, and the UN's Biodiversity Credits Alliance, aim to boost market confidence and integrity. The International Advisory Panel on Biodiversity Credits, formed by the French and UK governments, prepares for the market framework launch at the upcoming UN COP16 biodiversity summit in Cali, Colombia. To know more, you can click here.