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Nature conservation
Investment
Ocean conservation
In a move that highlights the increasing popularity of debt swaps for environmental causes, the Bank of America Corporation is set to organise a significant $500 million debt swap for marine conservation in Gabon, according to sources. The West African nation of Gabon is taking innovative steps to restructure its debt by partnering with the Nature Conservancy. Through this partnership, Gabon aims to secure funds for a crucial marine conservation project. The debt swap arrangement is part of a growing trend that allows countries to address...
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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...
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...
Carbon offsetting
Ocean conservation
Planetary Technologies released a measurement, reporting, and verification (MRV) protocol for ocean-based carbon removals. The protocol is designed to provide accurate and transparent information about Ocean Alkalinity Enhancement (OAE) projects to...
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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