European Commission

February 4, 2022

During an official visit to the United States this week, Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevičius deepened EU-US environmental cooperation ahead of upcoming multilateral processes and increased US awareness of key Green Deal priorities. These include climate action, deforestation, biodiversity protection and restoration, circular economy, critical materials and batteries, sustainable blue economy, international ocean governance, plastic pollution and green transition.

He held discussions in Washington DC and New York with a range of US counterparts from the US Administration and Congress, as well as multilateral organisations, reaching out to stakeholders including NGOs, representatives of business and financial sector, philanthropists and university students. In discussion with UN interlocutors, Commissioner focused on combined efforts in pressing areas under the environment and oceans agendas in the run up to the major global events, negotiations and processes taking place in 2022-2023.

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The CSR Journal

November 20, 2021
We face unprecedented challenges in our world today. The ongoing once-in-a-generation pandemic, to increasingly extreme weather events causing devastation at local and regional scales. The climate crisis causing disasters around the world is due to the imbalance of the carbon cycle, and increase in greenhouse gases from human activity.

The sixth IPCC (United Nations Intergovernmental Panel on Climate Change) report cements the science on the causes. In addition, human activity also has terraformed Earth’s landscapes destroying the natural ecosystems causing biodiversity decline. This further harms the ability of our regenerative Earth systems to maintain stability.

The imbalances in the biosphere affect nature and way of life. The current economic pathway is directly in conflict with nature. It is the source of our life, livelihoods, and economy. Strengthening nature inclusive thinking in business decisions creates a resilient future.

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The Independent - OpEd

November 3, 2021
This year, we’ve had the starkest warnings yet of the terrifying future in store if we fail to keep global temperature rises within 1.5 degrees. With Cop26 now underway, we stand at a crossroads: either deliver a tangible trajectory towards addressing the climate emergency, or risk passing a point of no return.

Globally, Cop26 represents a significant moment for world leaders to take bold action on tackling climate change and action to help our natural world recover. Natural England, the Environment Agency and the Forestry Commission stand together to call for nature-based solutions to be prioritised. This will not only help us adapt society, so we are more resilient to climate disruption, it will also reduce emissions helping to reach net zero.

We cannot reach net zero or limit global temperature rises to 1.5 degrees without protecting and restoring our natural world. Through improving the way forests, grasslands, agriculture and other lands are managed, our research shows we can deliver up to 37 per cent of the emissions reductions that we need globally by 2030, while at the same time making contributions toward resilience and adaptation. We have a chance – and a responsibility – to use Cop26 to catalyse the change we need to reset our relationship with nature.

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The Straits Times

September 29, 2021
Nature is not, and cannot be, a passive victim of economic development, Deputy Prime Minister Heng Swee Keat said on Wednesday (Sept 29).

Not only does nature help make city life more liveable, it can also contribute to mankind's fight against climate change, he said, urging delegates gathered at the Ecosperity Week sustainability conference to take a fresh perspective on the natural environment.

The three-day conference is convened by Singapore's Temasek investment company for policymakers, investors, non-government groups and businesses, and is being held in a hybrid format with some attendees gathered at Marina Bay Sands. Wednesday marks the second day of the conference.

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E&E News Greenwire

September 24, 2021
Americans have been draining wetlands for farming and development since Colonial times.

But climate change may reverse that tide — from destruction to restoration.

Federal scientists are studying whether heat-trapping carbon dioxide can be sucked out of the atmosphere and sequestered in restored salt marshes, sea grass beds and mangrove swamps. And those wetlands can in turn protect communities along the coast from rising seas and fierce, frequent climate-driven storms.

“The concept that’s forming is that what we need to do is massive-scale ecosystem restoration as soon as possible to begin absorbing as much carbon dioxide as we can and diminish the amount of overshoot that we have in atmospheric greenhouse gases this century,” said Kevin Kroeger, a research chemist at the U.S. Geological Survey’s Woods Hole Coastal and Marine Science Center.

Across the Lower 48 states, wetlands hold at least 3.2 billion metric tons of CO2 equivalent, by one estimate — roughly half the country’s net total greenhouse gas emissions in 2019.

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Reuters

The global economy faces annual losses of $2.7 trillion by 2030 if ecological tipping points are reached and countries fail to invest more in protecting and restoring nature, the World Bank said on Thursday, calling for a greener COVID-19 recovery.

In its first “Economic Case for Nature” report, the bank looked at how many economies rely on biodiversity and how they would cope if certain services provided by nature collapsed. It found that sub-Saharan Africa and South Asia would be worst hit.

The study identified key “ecosystem services” that it said were close to tipping points, including wild pollinators and provision of food from marine fisheries and timber from native forests.

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Campaign For Nature

July 1, 2021
A  World Bank report released today argues that policies safeguarding nature deliver a long list of valuable benefits, including pollination, food provision and timber from native forests, that deliver a win-win for biodiversity and economies. The Economic Case for Nature finds that if the world fails to protect nature, we could lose $2.7 trillion in global GDP annually, with countries in Sub-Saharan Africa and South Asia particularly hard hit.  

Building off recent reports laying out the economic benefits of protecting nature and following a major proclamation by G7 nations that protecting nature is an urgent priority, the report uses a first-of-its-kind analysis to reveal the extent to which valuing and protecting nature is a key development issue.

It makes the case that nature-smart policies that preserve ecosystem service benefits would increase global GDP by $50-150 billion compared to business as usual and reduce the risk of ecosystem collapse and an associated potential reduction in GDP of 2.3%. Other reports have highlighted additional benefits of protecting nature, including the expansion of nature-based tourism, which is an important source of economic growth in many developing countries. 

The report notes that ambitious targets, like the global effort to protect 30% of land and ocean by 2030, are achievable and play a crucial role in unlocking these benefits.  

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Borneo Bulletin

June 22, 2021
The United Kingdom (UK) COP26 Presidency and the ASEAN Centre for Biodiversity (ACB) recently co-convened ‘ASEAN-UK COP26: Framing the Future for Nature and Climate’, a virtual event exploring the important role that ecosystems, like forests, wetlands, and marine and coastal areas, play in combatting climate change.

The event discussed best practices and experiences from across the ASEAN region, and discussed the need to scale up ambition on nature-based solutions on climate and biodiversity. In addition, the event showcased the findings of the ‘Dasgupta Review on the Economics of Biodiversity’, and the applicability of its findings to the ASEAN region.

It was also an opportunity to bring the region together in preparation for the regional and global meetings, including the Third ASEAN Conference on Biodiversity, the 15th Conference of Parties to the Convention on Biological Diversity, and the 26th Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC), all taking place this year, with the UK presiding over COP26, in partnership with Italy.

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Campaign for Nature

April 21, 2021

Today, the United Nations launched its Second World Ocean Assessment on the global state of the world’s oceans. 

“The Second World Ocean Assessment warns that many benefits that the ocean provides to humankind are increasingly being undermined by our actions. [...] The findings of this assessment underscore the urgency of ambitious outcomes in this year’s biodiversity, climate and other high-level summits and events. Together we can foster not only a green, but also a blue recovery from the Covid-19 pandemic and help ensure the long-term resilience and sustainable relationship with the ocean,” said UN Secretary General António Guterres in his remarks at the assessment’s launch. 

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Thomson Reuters Foundation

March 11, 2021
Conservationists and environment officials hope new U.N. standards to measure the value of nature can help governments slow the rapid decline of plant and animal species worldwide.

Adopted this week by the U.N. Statistical Commission, the accounting system comes as a global movement gathers pace to protect the natural world by valuing the contributions forests, wetlands and other ecosystems make to economies and societies.

The benefits of preserving nature, such as reducing carbon emissions, producing water and boosting resilience to extreme weather, exceed the value of exploiting it, according to a study published this week in the Nature Sustainability journal.

If Nepal's Shivapuri Nagarjun National Park were turned from forest into farmland, for instance, instead of boosting the economy, it would create an $11-million annual deficit by cutting carbon storage 60% and water quality 88%, researchers estimated.

So how can the monetary value of nature be measured, and what does it mean for global efforts to tackle climate change and biodiversity loss?

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European Commission

March 11, 2021
A new statistical framework to better account for biodiversity and ecosystems in national economic planning and policy decision-making, approved yesterday, allows countries worldwide to use a common set of rules and methods to track changes in ecosystems and their services. The European Commission supported the United Nations in the development of this framework with contributions from scientists, statisticians and policymakers. The new framework goes beyond the commonly used statistic of gross domestic product (GDP) and ensures that natural capital accounts—the contributions of forests, oceans and other ecosystems—complements existing economic accounts.

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BBC Future

August 3, 2020
After defaulting on its substantial national debt, the Seychelles was offered an unusual deal.

Located around 1,600 kilometres (994 miles) off the coast of East Africa, the Seychelles is an ecological paradise. The archipelago of 115 lush and rocky islands sits amongst vast swathes of ocean, covering some 1.35 million square kilometres (521,000 square miles). They’re home to some of the world’s last pristine coral reefs and are teeming with endangered species, including the southern fin whale and the Indian Ocean’s only dugongs – large marine mammals also known as “sea cows”.

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Project Syndicate

July 31, 2020
Natural systems like the massive Sundarbans mangrove forest in India and Bangladesh are not just home to millions of plant and animal species that deserve protection from human encroachment. They are also crucial sources of economic output and resilience, demanding far more protection than they currently receive.

When Cyclone Amphan came barreling up the Bay of Bengal this past May, South Asia’s first named storm of the year appeared to pose a massive threat to the people who live on the coastal floodplains and to the animals and plants – including many endangered species – that rely on these sensitive ecosystems. But nature came to the region’s rescue.

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CBC

July 8, 2020
With Earth's wildlife now facing an extinction crisis, a group of economists and scientists is hoping to persuade governments that it pays to protect nature.

Specifically, expanding areas under conservation could yield a return of at least $5 for every $1 spent just by giving nature more room to thrive.

That in turn would boost agricultural and forestry yields, improve freshwater supplies, preserve wildlife and help fight climate change — all of which would boost global economic output on average by about $337 billion ($250 billion US) annually, the group of more than 100 researchers argues in a paper published online Wednesday by The Campaign for Nature, a coalition of conservation organizations from around the world.

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WEF Blog

July 1, 2020
The most destructive way to obtain food from the ocean is bottom trawling. Especially egregious are the ships called 'supertrawlers', the largest fishing vessels in the world. Their nets, which are large enough to hold a dozen 747 jets, destroy everything in their paths, including 1,000-year-old deep corals.

Surprisingly, bottom trawling is allowed within some marine protected areas (MPAs) in the UK. Even worse, according to a recent Greenpeace investigation, 25 supertrawlers spent almost 3,000 hours fishing – legally – in 39 different MPAs in the UK in 2019.

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