Sustainability and carbon market news
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From companies' net zero journeys and ESG reporting to evolving frameworks like CSRD and SBTi, explore the trends and regulatory changes driving corporate sustainability worldwide.
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Carbon credits
Governments
Marine Ecosystems
Blue carbon
The Bahamas' blue carbon credits hold significant value, potentially exceeding $50 billion, and could generate annual revenue in the hundreds of millions, according to Antoine Bastian, Executive Chairman and CEO of Genesis Fund Services Limited. In an article published on International Investment, Bastian highlighted the transformative potential of selling the country's carbon credits. Under the Climate Change and Carbon Initiatives Act, 2022 (CCCIA), The Bahamas government established a regulatory framework for accrediting and transacting...
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Biodiversity
Ecosystem
Marine Ecosystems
Red Sea Global, the visionary developer behind two exceptional regenerative tourism projects, The Red Sea and Amaala, has recently published the results of an extensive environmental survey. This survey, one of the largest of its kind conducted by a...
Nature conservation
Marine Ecosystems
Ocean conservation
The United States of America and Tanzania jointly launched the Heshimu Bahari project on 4 April 2023. With initial funding of $8.4 million from the US Agency for International Development (USAID), the five-year project aims to strengthen the...
Carbon credits
Carbon markets
Marine Ecosystems
Europe's first carbon credit accounting methodology for seagrass bed protection was developed by a collaboration between organisations, allowing French companies to offset their emissions. The organisations involved in this pioneering effort are...
Tree planting
Nature-based solutions
Marine Ecosystems
The United Kingdom (UK) government announced a fund of £14 million so that local governments and community organisations can enhance wellbeing by planting trees. After the introduction of two major financial initiatives fostering plant growth,...
Water Conservation
Marine Ecosystems
Ocean conservation
After 10 years of negotiation, UN member states secured an agreement to protect the waters at the UN's New York headquarters. The 30×30 pledge made by countries at the COP15 biodiversity summit in 2022 will be put into effect largely thanks to the...
Biodiversity
Ecosystem
Marine Ecosystems
Australia rejected a plan to build a new coal mine close to the Great Barrier Reef just off the coast of central Queensland. The announcement follows a public outcry over possible threats to the reef, which is recognised as a UNESCO World Heritage...
Forest
Ecosystem
Marine Ecosystems
A tropical kelp forest, a form of algae often only seen in cooler waters, has been discovered south of the Galapagos Islands, a significant victory for the environment. Researchers from the Charles Darwin Foundation, working with the Galapagos...
European Union
Marine Ecosystems
Ocean conservation
A senior official of the European Union has sounded the alarm over the Great Barrier Reef’s rapid decline in Australia. The official has also back-called to all the other countries for making cut on their emissions of greenhouse gas. Virginijus...
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