--- title: "Week 40: Conservation Finance News" description: In this week’s insights on conservation finance news, featuring top stories such as Malaysia's plea for Global South unity, UMT's blue economy push, AI for wildlife conservation, river protection and water conservation, Sungai Perak's protection, biodiversity's role in forest carbon markets, the additionality debate, bioeconomy strategies, biodiversity credits recognition, and the biodiversity funding crisis. 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Foreign Minister Mohamad Hasan emphasizes equitable world order and criticizes developing nations' marginalization. He highlights challenges like infrastructure, technology, and development financing. Mohamad addresses the climate crisis, urging global cooperation and support. He reaffirms Malaysia's commitment to Global South unity and equitable progress. Click [here](https://selangorjournal.my/2024/09/unga79-malaysia-calls-for-global-south-unity-fair-climate-and-development-solutions/) to learn more. # UMT Unveils UMTBeacon to Propel Malaysia's Blue Economy Involvement UMT launched Blue Economy Advancement Centre to promote sustainable marine development. The centre focuses on research and innovation in fishery, ecosystem conservation, blue-energy ports, and maritime entrepreneurship. UMT's leaders emphasized a long-term strategy for economic growth, job creation, and marine ecosystem protection. They highlighted Malaysia's potential in blue economy due to its coastal areas and marine resources. To learn more, you can click [here](https://bernama.com/en/region/news.php?id=2343402). # Santiago emphasizes the equal importance of river protection and water conservation in the ecosystem Malaysia's Water Sector Transformation 2040 (WST 2040) focuses on improving water management through governance, finance, and technology. SPAN chairman Santiago emphasized river protection and water conservation, warning of climate change challenges. He proposed strategies like recycling wastewater, a surcharge, federal agencies, and indigenous knowledge. He stressed treating water as a national security matter. Click [here](https://www.nst.com.my/news/nation/2024/09/1112040/river-protection-water-conservation-hold-equal-importance-ecosystem-says) to learn more. # Protecting Sungai Perak: A Key to Economic Sustainability Perak Menteri Besar Datuk Seri Saarani Mohamad emphasized the importance of preserving Sungai Perak for economic sustainability. He noted that the conservation of the river aligns with the Perak Sejahtera 2030 Plan. The Hilir Perak region is a key area for aquaculture, contributing significantly to the local economy. Saarani highlighted the need for stricter conservation efforts to combat pollution, waste disposal, and unplanned development. To know more, you can click [here](https://www.bernama.com/en/news.php?id=2345622).   # Biodiversity: A Cornerstone of Credible Forest Carbon Markets Biodiversity monitoring is crucial for forest carbon credits. ERS focuses on ARR projects and uses an area-based method. Ponterra uses monitoring technologies. Challenges include identifying a reliable baseline. Symbiosis Coalition emphasizes the importance of data and monitoring evaluation. Indigenous Peoples should be involved in forest carbon projects. Wildlife Works is setting up a new standard called Equitable Earth. Para state and LEAF Coalition have announced a deal to purchase forest carbon credits. To know more, you can click [here](https://carbon-pulse.com/325859/). # Additionality: A Contentious Issue in Biodiversity Markets There is disagreement among early players in the market about the importance of additionally in biodiversity markets. Some believe it should be abandoned, while others see it as crucial for attracting funding. The concept of additionality is important because it helps organizations understand the impact of their investments. However, new tools are needed to demonstrate additionality in order to avoid the mistakes made in the carbon market. To know more, you can click [here](https://carbon-pulse.com/326393/). # AI Security Solution boosts wildlife conservation for Australia Zoos Victoria and Parks Victoria are collaborating on wildlife conservation efforts in Victoria, Australia. Zoos Victoria operates four zoos and is dedicated to fighting wildlife extinction through immersive experiences that connect visitors with animals. Parks Victoria manages protected areas and shares a commitment to wildlife conservation. To learn more, you can click [here](https://www.malaysiasun.com/news/274628095/vivotek-ai-security-solution-boosts-wildlife-conservation-for-australian-government). # Bioeconomy: National strategies should be next step forward The bioeconomy is a growing field with the potential to create sustainable economies. Many countries are developing national strategies to harness biological resources for growth. The G20 Initiative on Bioeconomy is promoting the development of bioeconomy strategies. South Africa is expected to continue the focus on bioeconomy during its presidency in 2025. Brazil will likely bring the bioeconomy into COP30 and Colombia will frame the topic at COP16. The bioeconomy has the potential to increase six-fold by 2050 but also comes with risks. To learn more, click [here](https://www.naturefinance.net/wp-content/uploads/2024/08/FinancingASustainableGlobalBioeconomy-.pdf). # Biodiversity Market Leader Calls for SBTN, TNFD to Recognize Biodiversity Credits TNFD and SBTN must provide explicit guidance on integrating biodiversity credits into corporate targets and disclosures to drive demand for these credits. While these organizations have the potential to significantly impact the market, unclear guidance on credit usage and quality standards can hinder their effectiveness. By establishing clear guidelines, TNFD and SBTN can help companies achieve their nature-positive goals and contribute to the development of a robust and credible biodiversity credit market. Click [here](https://carbon-pulse.com/326158/) to learn more.   # Biodiversity Funding Shortfall Threatens Global Economic Stability Nature significantly underpins the global economy and societal health, contributing over $44 trillion to industries dependent on environmental resources, as estimated by the World Economic Forum. However, human actions are insufficiently protecting natural ecosystems, resulting in a steep decline in biodiversity and the vital ecosystem services that support human well-being. Click [here](https://www.pewtrusts.org/en/research-and-analysis/articles/2024/09/24/biodiversity-funding-shortfall-could-hamper-global-economic-growth) to learn more. Spread the word: [Share this blog post on Twitter](https://twitter.com/intent/tweet?text=I+found+this+interesting+blog+post&url=https://nusanterra.com/blog/week-40-conservation-finance-news) [Share this blog post on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://nusanterra.com/blog/week-40-conservation-finance-news) ### Leave a comment: ## Related Articles [![Photo of a herd of buffalo in Lambor Kanan, Perak, Malaysia by Izdihar Sahalan on Unsplash](https://nusanterra.com/hubfs/izdihar-sahalan-Ol_oj4mE1mk-unsplash.jpg)](https://nusanterra.com/blog/week-43-conservation-finance-news?hsLang=en) ### [Week 43: Conservation Finance News](https://nusanterra.com/blog/week-43-conservation-finance-news?hsLang=en) # Malaysia listed 106th on 2024 Nature Conservation Index Malaysia is 106th out of 180 in the 2024... by [Insights Team](https://nusanterra.com/blog/author/insights-team) [![Photo by Matthew Smith on Unsplash](https://nusanterra.com/hubfs/matthew-smith-Rfflri94rs8-unsplash.jpg)](https://nusanterra.com/blog/week-45-conservation-finance-news?hsLang=en) ### [Week 45: Conservation Finance News](https://nusanterra.com/blog/week-45-conservation-finance-news?hsLang=en) # Malaysia reaffirms commitment to biodiversity conservation Malaysia's Natural Resources Minister,... by [Insights Team](https://nusanterra.com/blog/author/insights-team) [![Photo of Kinabalu Mountain View by EJ Yao on Unsplash](https://nusanterra.com/hubfs/ej-yao-IAZ__Cm1psk-unsplash.jpg)](https://nusanterra.com/blog/week-31-conservation-finance-news?hsLang=en) ### [Week 31: Conservation Finance News](https://nusanterra.com/blog/week-31-conservation-finance-news?hsLang=en) # BCX auctioned its first locally-generated nature carbon credits BCX auctioned carbon credits from... by [Insights Team](https://nusanterra.com/blog/author/insights-team) #### Focus - [Nature-based Climate Solutions](https://nusanterra.com/policy-makers) - [Carbon Project Development](https://nusanterra.com/project-developers) - [Natural Climate Capital](https://nusanterra.com/nature-investors) #### Sectors - [Banking](https://nusanterra.com/nature-investors) - [Plantation](https://nusanterra.com/project-developers) - [Agricultural Value Chains](https://nusanterra.com/advisory) #### Insights - [Conservation Finance](https://nusanterra.com/nature-investors) - [Biodiversity Investments](https://nusanterra.com/nature-investors) - [Precision Forestry Technology](https://nusanterra.com/blog) #### Get in touch! - [Careers](https://nusanterra.com/blog/careers-join-the-nusanterra-roster) - [LinkedIn](https://www.linkedin.com/company/nusanterra) - [Twitter](https://twitter.com/NusanterraNews) --- [![Absolut theme logo](https://nusanterra.com/hs-fs/hubfs/raw_assets/public/@marketplace/Kohorta/Absolut/images/brand/absolut-logomark-nobg.png?width=30&height=811&name=absolut-logomark-nobg.png "Absolut theme logo")](http://www.nusanterra.com) © Nusanterra 2024 \[Tropical Climate Solutions Sdn. 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