September 9 - September 13, 2024
Your Newsletter at a Glance
Commentary by C4C
Register to use our platform for more information on investment opportunities and the climate investment landscape.
Subscribe to Nature for Climate's weekly newsletter for more science and policy updates & read more about green central banking & other climate trends from our friends at Climate & Capital Media.
In this Week’s Issue: $6.7 billion across 25 deals in Transition Finance ($4.7 billion), NbS ($298 billion), Carbon Removal ($508 million), Hard-to-Abate industries ($855 million) and the Blue Economy ($344 million).
10 Essential Deals and Commitments:
Transition Finance
- The Asian Development Bank targets 50% of lending to focus on climate by 2030
- OPEC approves more $485 million in green loans
- Energy Impact Partners raises $1 billion for growth fund
Nature-based Solutions
- Indonesia's incoming government sets a goal for a $65 billion green economy fund powered by carbon credit issuances
- Conservation Resources closes $47 million farmland fund
- Microsoft buys 234,000 restoration credits from Mexican carbon project developer Toroto
Hard-to-Abate Emissions
- Brookfield to invest $1.1 billion in Infinium e-fuels
- ZeroAvia completes $150 million Series C financing round
Carbon Removal
Blue Economy
- IFC issues a $242 million blue-green bond
- Water Equity raises $100 million for a Water & Climate Resilience Fund
News Highlights
Policy and Regulation
- Conference of African Environmental Ministers adopts a common posture ahead of COP 29
- Brazil announces its intention to create a climate regulator
- EU Nature Restoration law gets underway while EU Deforestation Regulation faces major global pushback
Climate & NbS Finance
- The GCF continues its major restructuring as it aims to meet 2025 goals
- The Climate Policy Initiative publishes a financing NbS toolbox & a new report on a sustainable global bioeconomy
- New Platts Carbon Price Explorer report finds divergence between the health of compliance and voluntary markets
Emerging Science
- Global review examines climate and agriculture feedback loops and mitigating practices
- Much cited statistic claiming Indigenous people guard 80% of global biodiversity is found to be unsupported
- Study on Yellow Sea cold water mass finds major potential disruption from climate change
C4C News and Events
Learn more about what we're doing
Our newsletter will be on Hiatus for New York Climate Week, but will return in October.
Capital for Climate is thrilled by the success of the 2024 Brazil Climate Summit on Wednesday, September 18th. We appreciated getting a chance to connect with the hundreds of attendees on the most pressing challenges and exciting opportunities facing Brazil in the climate transition, and we are grateful for the six funds and project developers that presented at our special roadshow side event:
We are looking forward to continuing our engagement work with the climate investment community over the course of New York Climate Week.
Upcoming events:
Monday/Tuesday, September 23-24, 2024.
The Nature Hub, Convene 101 Park Avenue: Capital for Climate is proud to be a strategic partner for The Nature Hub at NYCW 2024, a convening of two days of discussions and networking focused on how to build a nature-positive economy. We will be present at The Nature Hub for both days and will be playing a key role in the following events:
Opening Plenary: Capital Mobilization for Nature: Towards a Nature Positive Economy, Monday, 8:30-9:39 am.
Capital for Climate is a partner with Nature4Climate, the UNFCCC Climate Champions, IFACC, and others in curating the opening plenary of The Nature Hub, which will spotlight the ‘why’ and the ‘how’ of charting a path towards a nature-positive economy leading to COP30.
This event coincides with the launch of C4C’s joint report on Capital Mobilization for Nature with Brazil as a "playbook,” which will be posted on our and our partners’ websites.
Roundtable on Latin-American and Caribbean NbS Investment Opportunities, Monday, 10:30 - 11:30 am.
C4C Co-founder Tony Lent will moderate a showcase featuring companies and funds active across the Lat-Am region. This roundtable is part of a series of 5 one-hour-long thematic sessions throughout the day focused on investment opportunities across different countries and market segments.
Presenting companies:
Closing Plenary: Pathways to Belém: Unlocking Finance for Nature in the lead up to COP 30, Tuesday, 4-5:30 pm. Capital for Climate will support the convening of this session, which will bring together high-level representatives from the upcoming presidencies of the Rio Conventions to align priorities, explore collaboration opportunities, and create a shared vision for COP30’s success in securing necessary funding for nature recovery by 2030.
Wednesday, September 25, 2024:
Closing Brazil’s Climate Finance Gap: Collaborating to mobilize investments in sustainable agriculture and nature-based solutions. 8:00 AM, Lever House, 390 Park AvenueCapital for Climate will participate as a contributing thought partner in Climate Advisors’ Orbitas Initiative’s Wednesday breakfast workshop. This workshop will explore the current interplay between nature and climate-related risks and opportunities for investors in Brazil, and how investors, governments, and civil society can help Brazil grow as a Nature-based Solutions powerhouse in the run-up to COP30.
Thursday, September 26, 2024:
Stories From the Leading Edge of Climate and Nature: Nature’s Vital Role in Implementing Net-Zero Targets. 10:00 AM, Bloomberg Offices, 721 Lexington Avenue
As we approach COP30 and reach the middle of the decade, reducing nature-based emissions and increasing nature sinks will be a key part of the broader economic transition. Register to join
- Mary Schapiro, Vice Chair and Head of Secretariat at GFANZ,
- Fabio Guido, ESG Strategy & Sustainability Manager at Itaú Unibanco,
- Elizabeth Aceituno, Finance Sector Engagement Lead for WWF-US,
- Joy Williams, Executive Director, Net-zero Transition Planning at GFANZ,
- & Tony Lent, Co-founder of Capital for Climate,
for a discussion of the role of nature-based solutions in meeting net zero targets, and the need for investor action to realize the climate transition.
Runway for Change: Fashion, Finance & Impact, hosted by Ambition Loop.
5:00 PM, Civic Hall, 124 E 14th Street (register here using the general admission option)
Capital for Climate is an invitational partner for Ambition Loop’s one-of-a-kind sustainable fashion show, which will engage attendees with a mix of panel discussion, networking opportunities, and fashion displays that blend art and sustainability.
This event will showcase the Climate Investment Engine, developed by Capital for Climate and Ambition Loop in collaboration with the UN Climate Champions, which aims to break down barriers to capital flow and boost investment in climate resilience projects, especially in the Global South, while fostering global collaboration for sustainable change.
Click here to subscribe! Or, keep scrolling for deal flow.
Nature-based Solutions ≥ $1M
Commitments and deals
Commitments
- The incoming Indonesian government has announced plans to launch a green economy fund by selling carbon emission credits from rainforest preservation projects, aiming to raise $65 billion by 2028. The government plans to set up a regulator for carbon emission rules which will oversee efforts to reach Indonesia's Paris Agreement targets, and will form a "special mission vehicle" that will manage a green fund and operate carbon offsetting projects.
WCS and the Republic of Congo launch HIFOR project [newsroom]
- The Wildlife Conservation Society (WCS) and the Republic of Congo's Ministry of Forest Economy have launched Africa's first High Integrity Forest Investment Initiative pilot in the Nouabalé-Ndoki National Park. The HIFOR project will create investible units representing ecosystem services, which can be reported within climate mitigation and biodiversity conservation frameworks, but not as a form of offset.
Deals
US Interior Department announces $157 million investment in wetland conservation [doi]
- The U.S. Department of Interior has announced $46.2 million in grants to conserve and restore 91,425 acres of wetland in 17 states. The grants will be matched with $99.1 million in partner funds, and accompanied by $11.7 million from the Migratory Bird Conservation Fund to conserve habitat on seven wildlife refuges.
Animal product-free cheese developer Formo raises $61 million for series B [green queen]
- Formo, a German food tech startup that develops animal product-free cheese, has closed a $61 million series B fundraise. The round coincides with the debut of the company's first products and brings the company's total raise to $117 million.
Conservation Resources closes $47 million farmland fund [agri investor]
- Conservation Resources has closed its first dedicated farmland fund for $47 million. The fund is already fully deployed but is far short of its $500 million hard cap. The fund buys quality farmland that functions as agricultural investments while monetizing environmental value potential.
Novameat raises $19.4 million [novameat]
- Novameat, a sustainable food-tech company focused on plant-based products, has raised €17.4 million ($19.4 million) for a series A round. The funds will be used to expand the company's market footprint.
SOLASTA completes $14 million Series A round [biospace]
- SOLASTA Bio, an agri-biotech company that manufactures green insecticides, has completed a $14 million Series A funding round for its peptide-based bioinsecticide product. The funding will help to develop its technology, which aims to be an environmentally friendly form of pest control.
Microsoft buys 234,000 restoration carbon credits from Toroto [esg today]
- Microsoft has purchased 234,000 Rainforest Restoration Carbon Removal Credits from Toroto, a Mexican project developer. The sale also provides income to local landholders in community-owned land in Mexico’s Calakmul region. The agreement is expected to drive ecosystem restoration in up to 47,000 hectares of rainforest.
Fund Formation
Vital Farmland Fund III fund receives Microsoft investment [alternatives watch]
- Microsoft's Climate Innovation Fund has made an undisclosed investment in Farmland LP's Vital Farmland III. The fund plans to package carbon credits generated from its agricultural practices as part of Microsoft's broader climate strategy.
Transition Finance ≥ $100M
Commitments and deals
Commitments
- The Asian Development Bank (ADB) has set a target of devoting half of its lending to climate finance by 2030, to achieve $100 billion in climate financing total between 2019 and 2030. In particular, it aims to triple private sector project financing from $3.7 billion to $13 billion, among other initiatives to strengthen climate mitigation and resilience.
CalSTRS awards Nordea Asset Management a $450 million global equities mandate [responsible investor]
- CalSTRS has given Nordea Asset Management a $450 million global equities mandate, to support sustainability-focused investments. CalSTRS had previously collaborated with Nordea on engagement initiatives, including one pushing fossil producers to join the Oil and Gas Methane Partnership.
Royal Academy of Engineering launches a $199 million program for Green Future Fellowships [businessgreen] [tech eu]
- The British Royal Academy of Engineering has announced the launch of the Green Future Fellowships program. The program will award £150 million ($199 million) over 5 years to 50 projects focused on scaling technologies for greenhouse gas reduction and climate adaptation. The fellows will receive up to £3 million to support technological development and scale-up.
Deals
OPEC approves loans across green and biodiversity sectors [pr newswire]
- The OPEC Fund for International Development has announced $1.2 billion in funding for new projects since June of 2023, with a focus on infrastructure, climate resilience, and clean water and sanitation solutions. The investments included $50 million to fund climate adaptation in Armenia, $150 million to implement Colombia's biodiversity strategy, $100 million to provide hydropower in Tajikistan, and $100 million to enhance human capital and promote climate resilience in Jordan, among other sustainability-focused projects.
Envision to invest $1 billion in Spanish Green Hydrogen machinery manufacture [reuters]
- Envision Group has signed a deal to build a $1 billion plant to manufacture green hydrogen production machinery in Span. The project will be financed by private partners and aims to begin construction in June of 2026.
EIB and FirstRand Bank launch $446 million energy funding drive for South Africa [renewables now]
- The EIB and FirstRand Bank LTD have launched a €400 million ($446 million) funding initiative to support renewable energy projects developed by independent producers in South Africa. EIB and FirstRand will provide a loan of €200 million ($223 million) each to invest in solar and wind projects, as well as energy efficiency projects. The investment forms part of the EU's Global Gateway strategy for scaling sustainable investments in emerging markets.
DOE invests $72.8 million in solar-plus-storage on Triballands [energy]
- The DOE LPO has announced a $72.8 million loan guarantee to finance the development of solar-plus-long-duration-energy-storage microgrids on Tribal lands in California. The project will benefit the Viejas Band of Mission Indians and will install 15 MW of solar generation and 70 MWH of battery long-duration energy storage.
Fund Formation
Energy Impact Partners raises $1 billion for growth fund [new private markets]
- Energy Impact Partners has raised $1 billion for a new growth fund. The new Energy Impact Fund II, which was launched in 2023, has a $1.5 billion investment target.
Eiffel raises $867 million for second impact debt vehicle [environmental finance]
- Eiffel Investment Group has closed its second impact debt strategy at €777 million ($866.79), narrowly missing a €800 million target. The Eiffel Impact Debt II fund will commit senior debt financing ranging from €10 million to €100 million to 40 European SMEs and has already deployed €420 million ($468.54) towards 21 SMEs. The investment opportunities will focus on improving the ESG performance of backed SMES, with monitoring based on Impact Covenants, defined around 2-3 KPIS.
Green Bonds ≥ $100M
Commitments and deals
Completed Issuances
Carrefour raises $836 million for sustainability bond [environmental finance]
- Carrefour has raised €750 million ($836 million) from its sixth sustainability-linked bond, though this was accompanied by a scaleback of its Scope 3 emissions target. The 8-year bond, which has a coupon of 3.625% and was oversubscribed at €3 billion ($3.35 billion), is linked to Scope 1 and Scope 2 GHG emission and food waste reduction targets. The company is expected to reduce absolute Scope 1 and 2 emissions by 50% by 2030, a new food waste target of a 55% reduction of 2016 levels by 2027, replacing a previous Scope 3 emission target.
Carbon Removal ≥ $1M
Commitments and deals
Deals
1PointFive receives $500 million from U.S. DOE [carbon herald]
- 1PointFive, a subsidiary of the oil major Occidental, has secured a funding line of up to $500 million from the U.S. DOE's Office of Clean Energy Demonstrations. The funding will support the development of 1PointFive's South Texas DAC hub. The hub is expected to span 106,000 subsurface acres of land in Texas and will have an initial removal capacity of 500,000 metric tons of CO2 per year, with a planned capacity of over 1 million metric tons.
U.S. awards Navajo $6.55 million for carbon capture [ntec]
- The U.S. Department of Energy has awarded the Navajo Transitional Energy Company $6.55 million in funding for a Front End Engineering Design (FEED) study evaluating adding CCS to the company's Four Corners Power Plant. If implemented, the CCS system would remove more than 95% of the CO2 emissions at the plant.
- Deep Sky, a Montreal-based carbon removal project developer, has received CAD2.5 million ($1.85 million) from the National Bank of Canada and BMO to support the development of carbon removal infrastructure. The company plans to build large-scale carbon removal and storage across Canada, beginning in Alberta and Quebec.
Hard to Abate Sectors ≥ $1M
Commitments and deals
Commitments
AGA seeks $6.5 billion for green ammonia project [renewables now]
- Allied Green Ammonia Pty Ltd has hired Affinity Capital Group as a lead manager as it prepares to raise a target of $6.5 billion to develop a large-scale green hydrogen and ammonia production facility in Australia's Northern Territory. The site will be capable of producing 486 metric tons of green hydrogen a day, with an annual output of 960,000 metric tons of green ammonia. The project envisions being solar-powered and utilizing 4.75 GW per hour of solar electricity.
HMM reveals $17.4 billion green investment plan [gcaptain]
- HMM, a South Korean shipping major, has announced a new green strategy, with plans to invest 23.5 trillion Korean won ($17.4 billion) by 2030 to modernize its operations. 60% of the total investment, amounting to $10.66 billion, will be allocated to sustainable management initiatives, including low-carbon ships and green facilities.
Brookfield to invest $1.1 billion in Infinium e-fuels [Infinium]
- Brookfield will invest up to $1.1 billion in Infinium to scale the company’s ultra-low carbon e-fuel development. Under the terms of the deal, Brookfield will invest more than $200 million in Infinium and Infinium's Project Roadrunner, and an additional $850 million in Infinium's global eFuels projects, if pre-agreed-upon metrics are met.
Deals
Twelve announces $645 million in funding for CO2 transformation technology [twelve]
- Twelve, a carbon transformation company that develops technology converting captured CO2 into chemicals, fuels and other products made from fossil fuels, has raised $645 million in funding, split into $400 million in project equity led by TPG Rise Climate, $200 million in Series C financing, and $45 million in credit facilities. The funding will focus on accelerating Twelve’s de-fossilizing efforts, focusing first on aviation emissions, with the completion of the company’s inaugural SAF plan AirPlant One. The facility will produce the patented E-Jet fuel, with lifecycle emissions 90% lower than fossil jet fuels.
ZeroAvia completes a $150 million Series C [zeroavia]
- ZeroAvia has completed a $150 million Series C financing round, with £20 million ($26.57) in investments from the Scottish National Investment Bank. The company, which develops hydrogen-powered aircraft engines, is currently performing advanced ground tests on the building blocks of its system for prop aircraft of up to 80 seats.
IFC provides $60 million to help Indonesian steel company decarbonize [tech node]
- The International Finance Corporation (IFC) has agreed on a deal to provide $60 million in green financing to Gunung Raja Paksi (GRP), an Indonesian steel producer. The company plans to use the funding to expand low-carbon flat steel production using electric arc furnace (EAF) technology.
Blue Economy ≥ $1M
Commitments and deals
Deals
IFC issues $242 million blue-green bond [ifc]
- The IFC has issued a green bond focused on ocean-friendly projects and improving access to clean water and sanitation in emerging markets.The five-year 2.6 billion SK bond ($243 million) is IFC's second Blue Finance bond and follows the IFC's expanded Green Bond Frameworks guidelines on ocean and water conservation.
Nordic SeaFarm raises $2.23 million to scale seaweed production [arctic startup]
- Nordic SeaFarm has secured €2.1 million ($2.23 million) in funding to advance R&D for the company's seaweed cultivation operations. The capital is expected to support the development of the company's technology creating sustainable materials from seaweed-based products while restoring aquatic ecosystems.
Fund Formation
Water Equity announces $100 million raised for Water & Climate Resilience Fund [morningstar]
- Water Equity, an asset manager focused on financing water and sanitation solutions in emerging and frontier markets, has crossed the $100 million threshold for its Water & Climate Resilience Fund. The fund has a $200 million target and expects to invest equity and debt in projects and growth companies across the water value chain in Africa, Asia, and Latin America, as a part of a large investment strategy focused on bringing sustainable water and sanitation access to 100 million people.
Research and Knowledge Sharing
Grow your climate finance expertise For more key insights on policy and science, check out Nature 4 Climate & Subscribe to their newsletter for more weekly updates.
Policy and Regulations
African Environment ministers approve common position on Climate Finance [my joy online]
- The African Ministerial Conference on the Environment (AMCEN) has adopted a common position going into COP29 in Baku, following their 10th special session, held in Côte d'Ivoire. The position includes a request for $1.3 trillion per annum in climate financing by 2030, improved quality of finance informed by debt sustainability & cost of borrowing, and transparent mechanisms in respect of accountability. The position also highlighted Africa's Vulnerability to climate change, and the need to operationalise the Loss and Damage Fund.
Brazil plans to create climate regulator [bn americas]
- Brazil's president has announced plans to create a climate regulator for Brazil to help the country deal with escalating climate disasters. The new agency is expected to focus on coordinating government action to prepare and adapt for climate disasters, though plans for the regulator's legislative adoption and organizational structure were not disclosed. The administration also faced criticism from climate campaigners for deciding to move forward with the paving of the controversial BR-319 Amazonas highway, which critics believe could lead to increased deforestation.
China plans to include steel, cement, and aluminum in national carbon market this year [mining]
- China has published for feedback a plan to include cement, steel, and aluminum production in its national carbon emissions trading scheme. The ETS expansion plan estimates that including those 3 sectors would bring the GHG emissions covered by the scheme to 60% of the country's total. The expansion is expected to take place between 2024 and 2027.
Trump allies plan to direct LPO to fossil fuel investments [bnn bloomberg]
- Allies of former president Donald Trump have begun telegraphing plans for the DOE Loan Programs Office, a green lender with $400 billion in loan authority to support climate projects that might not otherwise qualify for financing. The former president had previously supported ending the program, but associates in his circle have suggested using the program to fund fossil fuel projects, or simply refuse to approve any new green loans.
California reaches a quarter of all land conserved [ca gov]
- California has announced that it has successfully conserved more than 25% of its land, putting it well along the way to reaching its goal of 30% of state land conserved by 2030. The state had also conserved 16.2% of its coastal waters. This conservation included the expansion of national monuments and the state's first-ever ancestral land return effort through the Tribal Nature-Based Solutions Grant Program.
Paper quantifies the Chinese role as a climate finance provider [cg dev]
- A new paper from the Center for Global Development quantifies the role of China's Belt and Road Initiative financing for developing countries in climate finance. The paper found that, though China's international finance was substantial and increasingly done through multilateral channels, the overall amount of climate-relevant finance was declining, from over $6 billion in 2017 to $1 billion in 2021. However, outbound fossil fuel finance did fall below climate-related finance in 2021.
- The EU Regulation on Nature Restoration has begun to take effect following its ratification. Following the law's implementation on August 18, 2024, member states are expected to begin developing restoration plans for their territories, which lay out specifications for halting the loss of natural ecosystems and restoring targets in line with the law. However, the EU's other flagship legislation on deforestation, the EUDR, is continuing to receive pushback, with China reportedly rejecting compliance with the regulation, joining critics in the U.S, Australia, Brazil, Indonesia, and Malaysia.
Finance Research and Updates
GCF restructures [climate change news]
- The Green Climate Fund, which was established in 2010 and is responsible for providing funding to help implement projects worldwide that meet UNFCCC targets, has undertaken a major reorganization focused on solving some of the issues that have dogged the organization in recent years. The reorganization aims to increase the speed of paying for projects, reducing it to a median of 4.5 months currently from 14 months in 2022, while also reducing the costs paid by entities to do business with the fund.
The GCF is also re-organizing its staff into four regional teams across Africa, Asia-Pacific, Latin America and the Caribbean, Eastern Europe, the Middle East, and Central Asia to improve program delivery. The fund expects to reduce the amount of time it takes for it to move from concept note to approval, from 2 years to 9 months by 2025. The reorganization is expected to help support the fund's overall goal of managing $50 billion in investments by 2030.
CPI publishes toolbox on NbS Financing [climate policy initiative]
- The Climate Policy Initiative has published a new toolbox on financing Nature-based Solutions, to help support the 2024 agenda of the G20 Sustainable Finance Working Group. The report covers 12 case studies and focuses on the themes of De-Risking Through Ecosystem Building, Engaging Beneficiaries, and the Catalytic Role of Guarantees.
Climate Bonds Standard expands to alternative proteins [climate bonds initiative]
- The Climate Bonds Initiative's (CBI) Climate Bonds Standard will expand to include alternative proteins as an included category. The CBI has convened a working group to establish best practice standards for bond issuances targeted at the sector, to ensure alignment with a 1.5C climate pathway. The criteria will focus on guidelines for the substitution of animal source foods and the mitigation of alternative protein impacts on climate and the environment.
Compliance market prices rise for carbon, VCM stagnates [s&p global]
- S&P Global’s Platts Carbon Price Explorer has published its monthly report on global carbon markets and has found that, while the Voluntary Carbon Market continues to struggle, some compliance markets are growing in price. The US regional Greenhouse Gas Initiative had reached an all-time high of $27.47 per allowance, while the EUA reached a 3-month high. Much of the VCM remained near historic lows amid market shakeups, with Renewable Energy credits falling to their lowest price since the index started measuring them in 2021, due largely to the ICVCM’s new stringent standards for them.
CPI publishes report on financing sustainable global bioeconomy [climate policy initiative]
- The Climate Policy Initiative has published a new report entitled Financing a Sustainable Global Bioeconomy. The report focuses on how biological resources can be developed and utilized sustainably, with an emphasis on socio-bio economies that recognize the unique role of IPLCs.
Kleinman Center examines the source of poor carbon offsets under Kyoto CDM [kleinman energy]
- A new article by UPenn's Kleinman Center for Energy Policy examines the reasons behind the issuance of poor-quality carbon offsets under the Kyoto Protocol's Clean Development Mechanism (CDM). Drawing on recent research, the article suggests that, because of the use of subjective methodologies, the CDM often counted projects that would have happened anyway as additional, leading to poor and superfluous offsets.
Emerging Science
New Paper in Carbon Management examines methodology for urban embodied carbon [t and f online]
- A new article in Carbon Management explores methods for estimating urban embodied carbon in building stocks. The study analyzed 1,010,840 buildings in Chicago across 157 architectural archetypes, which were used to granularly estimate embodied carbon. The study found that increasing a building's lifespan to 80 years with a 20% reduction in size could decrease carbon emissions to one-third of current values.
Study examines climate resilient agriculture [phys]
- A global review of the links between climate and agriculture published in Science looks at the possibility of feedback loops disrupting the global food supply as the climate continues the change, which could make Paris Agreement warming goals unachievable. The study also provides details on agricultural practices that could be implemented to help reduce the risk of runaway feedback loops.
Study examines Voluntary Sustainability Standards [science direct]
- A study in Forest Policy and Economics looks at the performance of voluntary sustainability standards against benchmarks set out in the EU Deforestation Regulation. The study, which examined 5 standards, found that VSS generally fall short in assuring production according to the EUDR, and while they can support due diligence, they do not generally demonstrate compliance with the regulation.
- A new comment in Nature identifies major problems with a widely circulating claim that 80% of the world's biodiversity is found in the territories of Indigenous Peoples. The comment notes that data deficiencies in biodiversity measurement mean that such a claim is unverifiable, and is seemingly drawn from one unsupported statement made by the UN Commission on Sustainable Development in 2022. The authors suggest abandoning the claim while finding better ways to acknowledge the role Indigenous People play in land stewardship.
Study finds climate change disruption of ocean currents threatening undersea ecosystems [nature]
- Published in npjOcean Sustainability, a new article focuses on the effects climate change has on cold water mass and the ecosystems associated with it in the Yellow Sea. The study found that the volume of the Yellow Sea cold water mass is expected to shrink by 48% by 2040-2050, with dissolved oxygen concentration also declining. These changes are expected to reduce marine life habitat, with major potential consequences for nearby human habitation.
Yale Environment 360 examines agroforestry for corn belt revitalization [yale environment 360]
- Yale Environment 360 has published a long-read narrative report focusing on how agroforestry could be implemented in the U.S. Corn Belt, and what the effects might be over time.
British Ecological Society examines the rise of 'novel ecosystems' [british ecological society]
- The British Ecological Society has published an article examining the rise and role of novel or emerging ecosystems that are found primarily in heavily human-affected areas. The article examines the current literature on novel ecosystem assemblages, their effect on the conservation of native ecosystems, and what potential benefits they might have in protecting species that are endangered in their native range, and providing ecosystem services in human-dominated areas.
Check out our Nature-based Solutions Investment Platform Here!
The Nature Tech Market. Necessary, Emergent, Dynamic
Capital for Climate, along with its partner, Nature4Climate, released a first-of-its-kind landscape analysis of the nature tech market. This report illuminates a burgeoning sector that will help protect, manage, and restore nature. Click here for the report!
If there is an organization that you would like to nominate to be profiled on Capital for Climate's NbS Investment Platform and/or featured in our newsletter, please submit the request through the appropriate link below:
What’s new in climate investment?
More News
.png)
