topic: climate finance

topic: climate finance

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Multilateral development banks must prioritize clean & community-led energy projects (commentary)
- Multilateral Development Banks (MDBs), governments, and corporations across 160 countries consider or approve more than one investment per day in the energy sector.
- Despite commitments to tackle the climate crisis, many of these investments support the fossil fuel industry, while others invest in false clean energy solutions like hydropower which often cause harm to local communities.
- “To achieve a just energy transition, MDBs and governments must prioritize sustainable renewable energy models that empower communities and ensure inclusive energy access,” a new op-ed argues.
- This post is a commentary. The views expressed are those of the authors, not necessarily Mongabay.

In largest ever study, Indigenous and local communities report the impacts of climate change
- Indigenous peoples and local communities are reporting a series of tangible and nuanced impacts of climate change, according to a new study.
- The study collected 1,661 firsthand reports of change in sites across all inhabited continents and aggregated the reports into 369 indicators of climate change impacts, including changes in precipitation, plant cultivation and marine ecosystems.
- Existing measures to track climate change impacts are barely able to relate to the diverse and complex ways in which local people experience and observe environmental changes, according to the authors. For instance, instrumental measurements might capture changes in rainfall patterns but miss crucial relationships between climate change awareness, sensitivity and vulnerability.
- This research constitutes the largest global effort by Indigenous peoples and local communities to compile and categorize local observations of climate change and its impacts.

Rainwater reserves a tenuous lifeline for Sumatran community amid punishing dry season
- Kuala Selat village lies on the coast of Indragiri Hilir district on the Indonesian island of Sumatra.
- In the first half of the year, residents of the village arrange buckets and drums to collect rainwater to meet their daily needs.
- They will then stockpile water to last through the dry months from June-September, but a longer dry spell has led to an acute shortage of water.
- Residents say they believe the water crisis in the village was linked to bouts of diarrhea, and that many fled the village during an outbreak.

New online tool is first to track funding to Indigenous, local and Afro-descendant communities
- The Path to Scale dashboard is the first online tool developed to track all funding for Indigenous peoples, local communities and Afro-descendant peoples’ forest stewardship and land tenure.
- It’s already highlighted several trends, including that disbursements globally have averaged $517 million per year between 2020 and 2023, up 36% from the preceding four years, but with no evidence of increased direct funding to community-led organizations.
- Although information gaps exist based on what’s publicly available, Indigenous leaders say the tool will be useful to track progress and setbacks on funding pledges, as well as hold donors and organizations accountable.
- According to developers, there’s an increased diversity of funding, but it’s still insufficient to meet the needs of communities.

Land tenure lesson from Laos for forest carbon projects (commentary)
- Laos has lost approximately 4.37 million hectares of tree cover since 2001, and some suggest forest carbon projects could be a solution.
- However, these haven’t had a good track record in the nation, in part due to its land tenure rules — land is owned by the state but largely used by local communities through customary tenure arrangements — leading to misunderstandings between companies, communities, and government agencies.
- “Forest carbon projects should continuously engage in capacity-building for local communities and authorities, thus creating an enabling environment for just benefit-sharing, securing land tenure, and the sustainability of these projects to reduce emissions over the long term,” a new op-ed argues.
- This post is a commentary. The views expressed are those of the authors, not necessarily Mongabay.

Direct funding of Indigenous peoples can protect global rainforests & the climate (commentary)
- Indigenous leaders attended the World Economic Forum’s 2024 Annual Meeting in Davos last week.
- Though communities like theirs have the potential to transform global rainforest conservation and climate efforts by delivering proven, scalable, community-based solutions, they require direct funding.
- Governments and donors must increase their direct, flexible, and less bureaucratic grant-making to those who have the profound knowledge and the means to make a real difference in preserving our planet’s future – Indigenous peoples, a new op-ed by Rainforest Foundation argues.
- This article is a commentary. The views expressed are those of the authors, not necessarily Mongabay.

False claims of U.N. backing see Indigenous groups cede forest rights for sketchy finance
- Several companies registered in Latin American countries claiming to have U.N. endorsement have persuaded Indigenous communities to hand over the economic rights to their forests for decades to come, a Mongabay investigation has found. The companies share commercial interests across various jurisdictions, and have not been able to demonstrate experience in sustainable finance projects.
- Indigenous communities in Peru, Bolivia and Panama were promised jobs and local development projects in exchange for putting on the market more than 9.5 million hectares (23.5 million acres) of forests. According to community sources, the claims of U.N. backing were the main selling point for agreeing to put their forests on the market. All three U.N. entities cited by the companies have rejected any involvement.
- Mongabay has found that the methodology employed for valuing natural capital has not been used before; there are no public details regarding its scientific and technical basis; and the company that created the methodology refused to share information about it.
- Experts have raised concerns that a lack of regulation in the fast-growing sustainable finance industry is allowing abuses against communities that act as guardians for critical ecosystems.

2023’s top 10 Indigenous news stories (commentary)
- Indigenous experts from leading Indigenous organizations and the U.N. share their list of the top 10 Indigenous news stories from 2023.
- This year saw many emerging trends, including the creation of funding mechanisms led by Indigenous organizations, criticism of carbon markets, record-breaking heat, and Indigenous women’s growing role as leaders.
- While the presence and recognition of the role of Indigenous people in conservation continues to expand, experts say the recognition of their rights and inclusion continues to be a challenge.
- This post is a commentary. The views expressed are those of the authors, not necessarily Mongabay.

New tool aims to make nature-based solutions projects in SE Asia a better sell
- A coalition of conservation NGOs has introduced a new tool aimed at helping local communities in Southeast Asia apply more effectively for funding for nature-based solutions projects.
- The group, which includes Conservation International and The Nature Conservancy, says the region has massive potential for projects to absorb carbon and protect wildlife, but that access to funding remains a huge gap.
- The new NbS tool is designed to help project managers put together project documentation that includes data analysis that should make it easier for donors to immediately identify the benefits from the projects being proposed.
- The tool isn’t limited to helping package nature-based solutions projects; proponents say it can also be used to put together the paperwork needed for other community-led initiatives that require data documentation and analysis.

Amazon deforestation declines but fossil fuels remain contentious, COP28 shows
- COP28 celebrates the strong downward trend in deforestation in the Amazon over the last year, but also reveals a conflict between Amazonian nations over fossil fuels.
- Colombia has stopped all new oil exploration contracts in a bid to eliminate dependency on the fossil fuel economy. On the other hand, Brazil announced plans that could make it the world’s fourth-largest oil producer by the end of this decade.
- Indigenous groups who live and depend on the Amazon Rainforest lament that they haven’t been heard or involved in important decision-making during COP28 that would ultimately impact them.
- Experts say that international finance is “fundamental” for climate action, and while this theme has been on the table at COP28, there has been no tangible action that would meet the scale required to preserve the Amazon Rainforest.

Indonesia pushes carbon-intensive ‘false solutions’ in its energy transition
- Indonesia’s newly revised plan for a $20 billion clean energy transition has come under criticism for offering “false solutions” that would effectively cancel out any gains it promises.
- One of its most controversial proposals is to not count emissions from off-grid coal-fired power plants that supply industrial users without feeding into the grid.
- Emissions from these so-called captive plants alone would exceed any emissions reductions projected under the rest of the Just Energy Transition Partnership.
- The plan also puts a heavy emphasis on “false” renewables solutions such as biomass cofiring and replacing diesel generators with natural gas ones.

Despite progress, small share of climate pledge went to Indigenous groups: report
- A report from funders of a $1.7 billion pledge to support Indigenous peoples and local communities’ land rights made at the 2021 U.N. climate conference found that 48% of the financing was distributed.
- The findings also show that only 2.1% of the funding went directly to Indigenous peoples and local communities, despite petitions to increase direct funding for their role in combating climate change and biodiversity loss.
- This is down from the 2.9% of direct funding that was disbursed in 2021.
- Both donors and representatives of Indigenous and community groups call for more direct funding to these organizations by reducing the obstacles they face, improving their capacity, and respecting traditional knowledge systems.

Indigenous land rights are key to conservation in Cambodia (commentary)
- Indigenous peoples are effective custodians of biodiversity, lands, and seas, while sustaining distinct cultural, social and economic values of their communities.
- Upholding the legal land rights of these communities is therefore increasingly at the center of international climate and biodiversity commitments and agreements.
- “Strengthening Indigenous custodianship by expanding, reinforcing, and fully implementing these legal recognitions is essential for the protection of Cambodia’s forests, and would create further confidence among donors and carbon markets that customary rights are being upheld, enabling greater access to finance,” a new op-ed argues.
- This post is a commentary. The views expressed are those of the authors, not necessarily of Mongabay.

At COP28 & beyond, fair carbon markets must be part of the climate finance solution (commentary)
- As COP28 gets underway, carbon markets and credits are under fire due to claims about corporate greenwashing and convoluted carbon accounting metrics.
- At the same time, political will and climate finance remain in short supply, hindering progress toward reaching global climate goals.
- A new op-ed argues that fair carbon pricing and equitable, transparent carbon markets represent part but not all of the climate finance solution: governments, NGOs, local communities and the corporate sector must work together in good faith toward reaching emission reduction targets.
- This post is a commentary. The views expressed are those of the authors, not necessarily of Mongabay.

African leaders & activists will bring new demands, hopes to COP28
- As world leaders prepare to meet in Dubai for COP28, African activists bring new hopes and expectations following the first-ever Africa Climate Summit (ACS) that took place in Nairobi in September.
- The ACS resulted in a historic Nairobi Declaration, calling on the global community to fulfill promises for climate financing, adaptation, mitigation and emissions reduction.
- Activists say they hope COP28 will result in decisive action to implement the Loss and Damage Fund that aims to support countries most vulnerable to the effects of climate change, but skeptics say they worry this summit will result in the same old story, especially as the COP28 presidency is held by an oil baron.

Climate loss & damage fund ‘the furthest thing imaginable from a success’
- The fifth and final meeting of the U.N. Transitional Committee to design a loss and damage fund ahead of COP28 climate summit concluded in Abu Dhabi last month without a mandate that wealthy, industrialized nations pay into it, sources say.
- Frequent Mongabay contributor and journalist Rachel Donald joins the Mongabay Newscast as co-host to speak with Brandon Wu, director of policy and campaigns at ActionAid USA, to unpack this most recent negotiation.
- In addition to leaving out a provision for contributions from wealthy nations, the fund will be housed in the World Bank, a global lending institution that continues to fund coal projects and has been linked to human rights abuses.
- The text of the fund will move to the 2023 United Nations Climate Change Conference (COP28) in Dubai next month, where it will be considered by member countries.

Carbon credit certifier Verra updates accounting method amid growing criticism
- The world’s largest carbon credit certifier, Verra, has overhauled its methods for calculating the climate impacts of REDD projects that aim to reduce deforestation.
- REDD stands for reducing emissions from deforestation and forest degradation.
- The emissions reductions from these projects can be sold on the voluntary carbon market to individuals and companies, which proponents say provides a vital stream of funding for forest conservation.
- The update changes the process for calculating deforestation baselines, which help determine how effective a project has been at reducing forest loss and keeping the carbon those trees contain out of the atmosphere.

How Indigenous peoples and local communities can make the voluntary carbon market work for them (commentary)
- The voluntary carbon market has the potential to address $4.1 trillion in nature financing gap by 2050 and support Indigenous peoples and local communities — when done right, argue a cohort of Indigenous leaders in a new commentary.
- The voluntary carbon market can work for and support Indigenous peoples and local communities (IPs and LCs), and them for it, but these communities have not been adequately engaged or consulted to participate in this carbon market.
- The Indigenous leaders announce the new IPs and LCs Voluntary Carbon Market Engagement Forum that is taking shape and will try to address these IPs and LCs’ priorities. The Forum is now coordinating open calls for Governing Board members and Forum partners.
- This post is a commentary. The views expressed are those of the author, not necessarily Mongabay.

Can carbon markets solve Africa’s climate finance woes?
- The African Carbon Markets Initiative, a consortium of Global North donors, corporate representatives, conservation groups and energy lobbyists, is pushing to expand carbon markets on the continent.
- The effort has gained the vocal support of Kenyan President William Ruto, along with a number of other African heads of state, who see carbon markets as a way to generate badly needed climate finance.
- But African environmental groups have sharply criticized carbon markets, saying they represent a “false solution” to the climate crisis and will mostly enrich bankers and traders based outside the continent.
- The drive to scale up carbon markets in Africa and elsewhere is set to be a major agenda item at this month’s COP28 climate summit in Dubai.

Delay of Indonesia’s energy transition plan a chance to get public input
- Observers are calling for greater public participation and transparency in Indonesia’s Just Energy Transition Partnership (JETP) deal.
- The JETP investment plan was supposed to be published on Aug. 16, but has been delayed until the end of this year.
- Observers of the energy sector see the delay as an opportunity for the government to involve the public more in the drafting process to ensure justice for all people in the effort to transition away from fossil fuels and toward renewable energy.
- Funding for the $20 billion JETP has been pledged by the G7 group of industrialized nations plus Denmark and Norway.

At Climate Week, guaranteeing Indigenous land rights and funding is crucial (commentary)
- Indigenous territorial rights are likely to again be affirmed as vital to facing the climate crisis during Climate Week events in New York City from September 17-24.
- Such statements are welcome but rarely do they come with guarantees of territorial rights or climate finance for Indigenous communities to steward and protect those lands, however.
- “Discourses about facing the climate crisis are worth next to nothing if they are not accompanied by territorial guarantees and resources for those who keep the biomes standing,” a new op-ed argues.
- This post is a commentary. The views expressed are those of the authors, not necessarily Mongabay.

Indigenous peoples undersupported on frontline of hotter, drier, fiery world
- It’s official: This has been the warmest June-July-August on record, and much attention has focused on the urgent need to achieve climate resilience in impacted urban areas. But how are rural Indigenous communities around the world living with these new extremes?
- Indigenous peoples — from Africa to the Arctic to Central America — report unprecedented heat waves, droughts, storms and wildfires, extremes that are impacting the wildlife they hunt, the plants they gather, crops they grow, livestock they raise, and their very survival.
- Given that many Indigenous peoples live close to the land and depend directly on local resources, they’re especially vulnerable to the massive changes now sweeping our planet.
- But while Indigenous peoples are considered by many researchers and activists to be Earth’s best land stewards, their communities aren’t receiving the funding or resources necessary to adapt to a hotter, drier, stormier, fiery world, often due to the lack of access to their traditional lands.

Peru signs $20-million debt-for-nature swap with focus on Amazon rainforest
- Peru struck a $20 million debt-for-nature swap agreement with the U.S. that transfers debt payments to conservation initiatives like improving protected areas and natural resource management.
- The deal also included four NGOs: Conservation International, The Nature Conservancy, Wildlife Conservation Society and World Wildlife Fund. The groups donated a combined $3 million in addition to the $15 million contributed by the U.S.
- This is the third debt-for-nature swap deal struck with Peru. The U.S. has now made 13 debt-for-nature and debt-for-climate swaps in Latin America and 22 worldwide.

Study: Tricky balancing act between EV scale-up and mining battery metals
- A recent study finds rapidly switching to electric vehicles could significantly cut emissions but also increase demand for critical battery metals like lithium and nickel.
- Mining metals like lithium has major environmental impacts including deforestation, high water use, and toxic waste.
- Electrifying heavy-duty vehicles requires substantially more critical metals than other EVs and could account for 62% of critical metal demand in coming decades despite making up just 4-11% of vehicles.
- The researchers recommend policies to support recycling, circular economies, alternative battery chemistries, and coordinated action to balance environmental and material needs.

Indonesian voters want a clean energy plan, but candidates haven’t delivered
- Candidates running in Indonesia’s presidential election next year must make clear their plans for transition the country away from fossil fuels and toward clean energy, policy experts say.
- A survey shows young Indonesians, who make up the majority of potential voters, view environmental issues in general, and a just energy transition in particular, as crucial issues for a new president to tackle.
- However, none of the three hopefuls who have declared their candidacies to date have addressed these issues, with the survey reflecting a sense of pessimism among respondents.
- Indonesia, a top greenhouse gas emitter, has said it aims to hit net-zero emissions by 2060 and retire its existing fleet of coal-fired power plants, but continues to build more coal plants to serve its growing metal-processing sector.

In a world of climate risks, Sri Lanka is finding ways to adapt
- In a landscape of interconnected and mutually compounding risks, climate change has emerged as a key risk factor for Sri Lanka, specifically for vulnerable sectors and groups.
- Risk management frameworks need to acknowledge and incorporate these emerging risks. While Sri Lanka already has risk management mechanisms and instruments in place, there are opportunities to scale up these mechanisms, close existing gaps and mobilize additional means of implementation.
- Sri Lanka is in the process of strengthening its national environment policy related to climate change, including through global and international processes, which could remove constraints and help enhance risk management in the country.
- Key areas for improving and future-proofing Sri Lanka’s risk management framework include awareness creation, education, and the wider enabling environment; multi-stakeholder collaboration and decision-making processes; leveraging new and innovative risk management instruments; and connecting the national to the international level, such as the U.N. climate change convention negotiations or the Global Shield initiative.

Asian Development Bank’s climate commitments require greater accountability (commentary)
- The Asian Development Bank committed to achieving full alignment with the 2016 Paris Agreement by this month, though it still considers fossil fuel projects to ’not be unaligned’ with this goal.
- It also has announced an Innovative Finance Facility for Climate, which aims to invest billions of dollars to reduce greenhouse gas emissions and build resilience for communities already suffering the impacts of the climate crisis in Asia.
- However, these ambitions have no chance of success without an increased commitment to safeguards and accountability, a new op-ed argues, because projects aimed at mitigating climate change can–and do–go wrong.
- This article is a commentary. The views expressed are those of the author, not necessarily of Mongabay.

Funders commit $102.5 million to support tribal-led conservation efforts in the U.S.
- The Native Americans in Philanthropy and the Biodiversity Funders Group launched a funding pledge to support tribal-led restoration and conservation efforts in the United States.
- Fifteen funders have already committed $102.5 million to support the Tribal Nations Conservation Pledge goals since its launch in March.
- Projects to benefit will be selected by funders and could include natural resource and conservation projects, regrants and tribal-led conservation NGOs working in direct partnership with tribes, among several others.
- Erik Stegman, the Native Americans in Philanthropy’s chief executive officer, said the pledge ensures that Indigenous groups continue to lead the way in conservation efforts in the U.S. as well as meet the vision of conserving 30% of U.S. land and waters by 2030.

The U.S. has cataloged its forests. Now comes the hard part: Protecting them
- In April 2022, President Biden instructed the U.S. Forest Service and Bureau of Land Management to do a thorough inventory of forested public lands as a part of his climate mitigation strategies to reduce U.S. carbon emissions by 50% by 2030.
- The new study, released April 20, identifies a total of 112.8 million acres of mature and old-growth forests on federal lands across all 50 states, an area larger than the state of California.
- Forest advocates largely heralded the new inventory, so long as it serves as a road map for putting those millions of acres off-limits to logging so the forests and their biodiversity can remain intact to fight climate change.
- The U.S. Forest Service and Bureau of Land Management have long supported logging for timber and other wood products on the majority of lands they oversee. During a 60-day public comment period, forest advocates will argue that all forests in the inventory be fully protected from logging.

U.S. firm quits Indonesian gasification project in major blow to coal ambitions
- U.S.-based Air Products and Chemicals confirmed in late March that it had withdrawn from all of its projects in Indonesia, including coal-gasification plants in East Kalimantan and South Sumatra provinces.
- The Indonesian government has looked to coal gasification to create market demand for downstream coal, but analysts warn such projects are unlikely to be financially viable, especially as major global investors turn away from coal.
- The Indonesian government says the gasification projects will continue, possibly with investors from China, but no details have been released.

Mobilizing Amazon societies to reduce forest carbon emissions and unlock the carbon market (commentary)
- Brazil could generate $10 billion or more from the global voluntary carbon market over the next four years through the sale of credits from Amazon states’ jurisdictional REDD+ programs; some states are already finalizing long-term purchase agreements.
- This funding would flow to those who are protecting the forest – Indigenous peoples and traditional communities, farmers, businesses, and government agencies – and the prospect of this funding could mobilize collective action to reduce emissions from illegal deforestation and degradation.
- Rapid progress in reducing emissions from Amazon deforestation and forest degradation – which represent half of Brazil’s nation-wide emissions – would also position Brazil to capture significant international funding for its national decarbonization process through the regulated carbon market that is under development through the UN Paris Agreement.
- This post is a commentary. The views expressed are those of the authors, not necessarily of Mongabay.

Indonesia aims to use gas in foreign-funded energy transition; critics cry foul
- Indonesia plans to convert its diesel fuel-fired power plants to gas-fired power plants starting this year as a part of its energy transition program.
- The Indonesian government hopes the gas conversion project could be funded by a US$20 billion energy transition deal with developed countries called the Just Energy Transition Partnership (JETP).
- The plan has been lambasted by activists, who see the gas conversion project as a false solution to climate change due to methane emissions that come from leakage during the transportation of gas.
- Activists also point out that gas is more costly than renewable energy and the development of gas could take away funding and resources from renewable development.

On climate & biodiversity, where are we, post-COP15? (commentary)
- There are many connections between climate change and biodiversity loss, and many of the actions needed to meet the 2030 action targets around biodiversity loss can also work toward climate change targets.
- One of the things that stood out about the COP27 climate treaty decision text, though, was that it did not reference the subsequent conference on biodiversity – COP15 – hence failing to ‘join up’ the conferences in a meaningful way, a new op-ed argues.
- If we hope to both reduce emissions by at least 45% and put biodiversity on a path to recovery, coherent approaches must be applied, writes Fauna & Flora International’s director of Climate & Nature Linkages.
- This post is a commentary. The views expressed are those of the author, not necessarily Mongabay.

In Sierra Leone’s fishing villages, a reality check for climate aid
- In April, Mongabay’s Ashoka Mukpo visited the Sherbro estuary, a sprawling riverine ecosystem of mangroves and coastal fishing villages on the Sierra Leonean coastline.
- Like other coastal areas in West Africa, the Sherbro estuary is already suffering the impacts of climate change, including flooding and higher temperatures.
- Between 2016 and 2021, USAID financed mangrove replanting and the construction of makeshift seawalls in villages here as part of a coastal climate resilience aid project.
- The project’s struggles here are an example of the difficulties that climate aid efforts can face when they meet the economic and social needs of people in vulnerable areas.

Words that didn’t make the cut: What happened to Indigenous rights at COP27
- This year’s U.N. climate conference saw the highest participation of Indigenous peoples to date, with more than 300 delegates from around the world calling for agreements to explicitly include a human rights approach.
- Although Indigenous issues were ambitiously mainstreamed across agenda items at the start of the conference, countries began to compromise in the final days when there were a lot of topics still not concluded, say Indigenous negotiators.
- Agreements on the rules around carbon offset markets included limited language on recognizing the rights of Indigenous peoples and the need to consult communities on the use of land.
- Indigenous delegates warmly welcomed the creation of a loss and damage fund which they say will greatly help Indigenous communities already impacted by climate change.

Despite pledges, obstacles stifle community climate and conservation funding
- As science has increasingly shown the importance of conservation led by Indigenous peoples and local communities (IPLCs), donors have begun to steer funding toward supporting the work these groups do.
- In 2021, during last year’s COP26 U.N. climate conference, private and government donors committed $1.7 billion to secure the land rights of Indigenous peoples and local communities.
- But a recent assessment of the first year of the pledge shows that little of the funding goes directly to them, often going first through international NGOs, consultancies, development banks and other intermediaries.
- Most aid intended to support IPLC-led conservation work follows this path. Now, however, donors and IPLC leaders are looking for ways to ease the flow of funding and channel more of it to work that addresses climate change and the global loss of biodiversity.

COP27 boosts carbon trading and ‘non-market’ conservation: But can they save forests?
- For the first time ever at a climate summit, the final text of this month’s COP27 included a “forests” section and a reference to “nature-based solutions,” — recognizing the important role nature can play in curbing human-caused climate change. But it’s too early to declare a victory for forests.
- By referencing REDD+, the text could breathe new life into this UN framework, which has so far failed to be a game-changer in the fight against deforestation as many hoped it would be.
- COP27 also took a step toward implementing Article 6.4 of the Paris agreement, a mechanism that some see as a valid market-based climate solution, though others judge it as just another “bogus” carbon trading scheme.
- Many activists are pinning their hopes instead on Article 6.8, which aims to finance the protection of ecosystems through “non-market approaches” like grants, rather than with carbon credits.

Indonesia to build coal plants despite $20b deal on clean energy transition
- The Indonesian government will still permit the construction of new coal-fired power plants, despite recently signing a $20 billion energy transition financing deal with industrialized countries.
- The plants are accommodated in the government’s 10-year energy plan and covered by a presidential regulation.
- The newly announced Just Energy Transition Partnership (JETP), by contrast, doesn’t make clear what restrictions, if any, it puts in place on Indonesia building new coal plants.
- Activists have called for a complete ban on new coal power so that a just energy transition can happen as envisioned in the new climate finance partnership.

COP27 long on pledges, short on funds for forests — Congo Basin at risk
- The world’s wealthiest nations have made grand statements and offered big monetary pledges to save the world’s tropical rainforests so they can continue sequestering huge amounts of carbon.
- But as COP27 draws to a close, policy experts and activists agree that funding so far is far too little, and too slow coming, with many pledges still unfulfilled. Without major investments that are dozens, or even hundreds, of times bigger, tropical forests will keep disappearing at an alarming rate.
- The Democratic Republic of Congo (DRC) offers a case study of just how dire the situation is becoming. While some international forest preservation money is promised and available, it is insufficient to stop companies from leasing forestlands to cut timber and to convert to plantations and mines.
- Some experts say that what is urgently needed is the rapid upscaling of carbon markets that offer heftier carbon credits for keeping primary forests growing. Others point to wealthy nations, who while still cutting their own primary forests, encourage poorer tropical nations to conserve theirs without paying enough for protection.

COP27: ‘Brazil is back’ to fight deforestation, Lula says, but hurdles await
- At COP27 this week Brazil president-elect Luiz Inácio Lula da Silva pledged “zero deforestation and degradation of biomes,” a goal to be achieved by 2030.
- Lula also plans to establish a Ministry of Indigenous People, and to end “all the exploration of Indigenous lands by miners, and… to prohibit timber cutters.” Activists said Lula has sent a “strong message” at the COP27 summit, a meeting which has so far seen little climate progress.
- The president-elect has also met with Norway and Germany about restarting the Amazon Fund, which helped finance efforts to keep the rainforest intact until it was frozen in 2019 due to the anti-environmental policies of President Jair Bolsonaro.
- Lula will likely have to pursue stricter forest enforcement through executive action, as he faces a congress with many members hostile to his Amazon protection promises.

Indonesia seals $20 billion deal with G7 to speed up clean energy transition
- Indonesia and the G7 have agreed on a $20 billion financing deal that will help the Southeast Asian nation speed up its transition from fossil fuels to renewable energy.
- The Just Energy Transition Partnership (JETP) was announced at the G20 summit being hosted in Indonesia this week, with the funding to come in the form of grants, concessional loans, market-rate loans, guarantees, and private investments.
- The funding will come from both public and private financing, with details of the investment plan to be ironed out in the next six months.
- Under the partnership, Indonesia will aim to cap its emissions from the power sector by 2030, faster than the initial target of 2037, and to generate 34% of its electricity from renewable sources by 2030.

COP27: Climate Loss & Damage talks now on agenda, but U.S. resistance feared
- Loss and Damage (L&D) climate finance will be on the agenda at COP for discussion for the first time ever by the world’s nations, as the result of intense pressure applied by developing countries and NGOs just before the start of COP27 in Egypt.
- L&D refers to reparations potentially owed to poorer, more vulnerable developing nations for the climate harm caused by wealthy nations and their large-scale historical carbon emissions.
- The complexities of the mechanism for calculating losses by developing nations, and paying out of damages by wealthy nations, has never been worked out. The U.S. and other wealthy nations have a history of obstructing L&D negotiations.
- The concern among developing nations at COP27 is that even though L&D is being discussed, wealthy countries will reject the idea of direct no-strings-attached payments from wealthy countries to poorer nations, opting instead for loans, insurance and other less direct financial mechanisms.

Small share of land rights pledge went to Indigenous groups: Progress report
- A report from funders of a $1.7 billion pledge to support Indigenous and community forest tenure made at the 2021 U.N. climate conference found that 19% of the financing has been distributed.
- The findings from 2022 also show that only 7% of the funding went directly to Indigenous and community organizations, despite the protection they provide to forests and other ecosystems. (A subsequent analysis in 2023 revised this figure downward to 2.9%.)
- Both donors and representatives of Indigenous and community groups are calling for more direct funding to these organizations by reducing the barriers they face, improving communication and building capacity.

As banks fund oil pipeline, campaigners question their environmental pledges
- Activists say some banks that have signed up to the Equator Principles are failing to live up to their pledge of properly assessing the environmental and social risks of the projects they finance.
- South Africa’s Standard Bank and Japan’s Sumitomo Mitsui Banking Corporation are facilitating funding for the East African Crude Oil Pipeline project (EACOP).
- When fully operational, crude oil flowing through pipeline will generate 34 million metric tons of greenhouse gas emissions each year.
- Activists say EACOP, which will run 1,400 kilometers (870 miles) across many ecologically sensitive areas, has also affected 12,000 households who have been inadequately compensated.

In new climate deal, Norway will pay Indonesia $56 million for drop in deforestation, emissions
- This year, Norway will pay Indonesia $56 million for reducing emissions from deforestation and forest degradation.
- Both countries struck a new climate deal in September, in which Norway will provide support for Indonesia’s bid to curb deforestation and forest degradation, with the aim that Indonesia’s forests will turn into a carbon sink by 2030.
- Norway was supposed to pay the $56 million in 2020 under its previous climate agreement with Indonesia, but the Nordic country failed to pay, resulting in Indonesia terminating the original agreement.

Early retirement for Indonesian coal plants could cut CO2, boost jobs, analysis says
- At a cost of $37 billion, Indonesia could retire its coal power plants as early as 2040 and reap economic, social and environmental benefits from the shift, a new analysis by nonprofit TransitionZero shows.
- Replacing coal with renewables will create a windfall of new jobs, which would outweigh coal closure job losses by six to one, according to the analysis.
- The analysis has also identified three coal plants in Indonesia that are the most suitable for early retirement, as they have lower abatement costs and are the most polluting.

Indonesian banks prop up coal industry increasingly shunned by outside lenders
- Indonesia’s largest banks channeled a combined $3.5 billion of direct loans to the coal industry from 2015 to 2021, despite pledging to implement sustainable financial practices.
- Experts say these four banks — BNI, BRI and Bank Mandiri, which are state-owned lenders, and BCA, the most valuable company in the country — lag behind banks elsewhere when it comes to their climate commitments.
- No Indonesian banks have joined the U.N.’s Net-Zero Banking Alliance, whose members have committed to transition all of their investments that contribute to greenhouse gas emissions in order to reach net zero by 2050.

Africa wants its climate money. Will rich countries pay?
- This year’s U.N. climate conference, set to be held in Egypt, is being seen by negotiators and climate advocates in Africa as an opportunity to push the continent’s needs up to the top of the agenda.
- The conference will take place as a new analysis shows that wealthy countries are falling far short of their commitments to finance climate coping strategies in Africa.
- Negotiators from the African bloc are pushing for an agreement on “loss and damage” funding, which has been described as a form of climate reparations, to be reached at the conference.

Planned coal plants fizzle as Japan ends financing in Indonesia, Bangladesh
- Two planned coal-fired power plants, one in Indonesia and the other in Bangladesh, have had their funding withdrawn by the Japanese government, as part of Tokyo’s decision to no longer bankroll coal projects in either country.
- Officials in both countries have already confirmed that neither project — a new installation in Bangladesh and an expansion of an existing plant in Indonesia — will be going ahead.
- For Indonesia in particular, the move also means the loss of the top three foreign funders of coal plants in the country, after similar decisions by China and South Korea; the three East Asian countries account for 95% of foreign funding of coal plants in Indonesia since 2013.
- Activists have welcomed Japan’s announcement, including communities living near the existing plant in Indonesia, who have reported health problems and loss of livelihoods as a result of pollution from the plant.

Results of mining tax for reforestation in the DRC leave more questions than answers
- Mining and logging companies in the Democratic Republic of Congo (DRC) are liable to pay a deforestation tax to restore areas impacted by their activities.
- However, after about twenty years since the tax was implemented, reforested areas are few and far between.
- Environmentalists and locals question what the taxes collected from mining companies is being used for, with corruption and financial mismanagement seen as a source of the problem.
- The National Forest Fund (FFN), environmental ministry and political officials did not respond to Mongabay requests for comment.

Banks bet big on coal in Indonesia, bucking global shift away from fossil fuel
- Loans from banks and leasing firms to coal-mining companies in Indonesia are increasing on the back of soaring global coal prices.
- Analysts say financial institutions are capitalizing on the high demand for capital from miners, effectively helping keep the fossil fuel industry afloat.
- The increase in lending to coal miners in Indonesia bucks a global trend that has seen financial institutions and investors increasingly avoid coal and other fossil fuel industries because of their environmental and climate impacts.
- Energy policy experts say that besides risking reputational damage, the banks financing Indonesia’s current coal boom could be left holding a lot of bad debt once the cycle inevitably turns into a bust.

Funding, titling project for Indigenous-led organizations launched
- One of the latest conservation funding mechanisms, the Community Land Rights and Conservation Finance Initiative (CLARIFI), plans to channel funds directly to Indigenous and locally-led organizations and title at least 400 million hectares (988 million acres) of land to reduce deforestation.
- According to organizers, this will avoid 1.1 to 7.4 GtCo2e (gigatons of carbon dioxide equivalent) of emissions as 33% of the Earth’s tropical forest carbon is at risk without recognizing community rights to land.
- At least $10 billion is needed to boost legally recognized territories, but much is required to attain the other goals of the initiative, says Dr. Solange Bandiaky-Badji, coordinator of Rights and Resources Initiative.
- Organizers will be holding planning meetings in the Congo Basin and Latin America in May and June to deliver a total of $25 million to Indigenous-led initiatives and test its funding project.

International funding nowhere near enough for Indonesia to cut emissions: Study
- Indonesia will have to come up with its own funding schemes to have any chance of achieving its carbon emissions reduction target by 2030, a new study says.
- The government has calculated that it needs $323 billion in funding from the international community to slash emissions by 41%, but received just $6.4 million between 2007 and 2019, the study found.
- It found that Indonesia faced difficulties accessing international climate grants, with donors often prioritizing their own interests or preferring countries with lower incomes than Indonesia.
- A potential source of funding could be the sale of government debt that’s a combination of environmental (green) bonds and Islamic-compliant bonds, known as sukuk, the study says.

IPCC report calls for ‘immediate and deep’ carbon cuts to slow climate change
- A new report from the United Nations’ Intergovernmental Panel on Climate Change (IPCC) finds that the world could face a more than 3° Celsius (5.4° Fahrenheit) increase in the global average temperature over pre-industrial levels based on current carbon emissions.
- However, the authors of the report say investment in renewable energy, green building and responsible land use could lower emissions enough to stay below an increase of 1.5°C (2.7°F), a target identified at the 2015 U.N. climate conference that scientists predict would avoid the worst impacts of global warming.
- Addressing continued global carbon emissions will require trillions, not billions, of dollars in financing from public and private sources to cut emissions, the report finds.
- Its authors also say that including Indigenous and local communities from the beginning in land-use decisions aimed at climate change mitigation is critical.

NGOs alert U.N. to furtive 2-million-hectare carbon deal in Malaysian Borneo
- Civil society organizations have complained to the United Nations about an opaque “natural capital” agreement in the Malaysian state of Sabah on the island of Borneo.
- The agreement, signed behind closed doors in October 2021, involved representatives from the state government and Hoch Standard Pte. Ltd., a Singaporean firm. But it did not involve substantive input from the state’s numerous Indigenous communities, many of whom live in or near forests.
- The terms ostensibly give Hoch Standard the right to monetize carbon and other natural capital from Sabah’s forests for 100 years.
- Along with the recent letter to the U.N., the state’s attorney general has questioned whether the agreement is enforceable without changes to key provisions. An Indigenous leader is also suing the state over the agreement, and Hoch Standard may be investigated by the Singaporean government after rival political party leaders in Sabah reported the company to Singapore’s ambassador in Malaysia.

Climate-positive, high-tech metals are polluting Earth, but solutions await
- Green energy technology growth (especially wind, solar and hydropower, along with electric vehicles) is crucial if the world is to meet Paris climate agreement goals. But these green solutions rely on technology-critical elements (TCEs), whose production and disposal can be environmentally harmful.
- Mining and processing of TCEs requires huge amounts of energy. Mines use gigantic quantities of fresh water; can drive large-scale land-use change; and pollute air, soil and water — threatening biodiversity. TCEs may also become pollutants themselves when they are disposed of as waste.
- We know relatively little about what happens to TCEs after manufacture and disposal, but trace levels of many critical elements have been detected in urban air pollution, waterways and ice cores. Also of concern: Rare-earth elements have been detected in the urine of mine workers in China.
- Green mining technologies and new recycling methods may reduce the impacts of TCE production. Plant- and microbe-based remediation can extract TCEs from waste and contaminated soil. But experts say a circular economy and changes at the product design stage could be key solutions.

Moore Foundation pledges extra $300m to boost conservation of Amazon
- The Gordon and Betty Moore Foundation has allocated an additional $300 million toward the Andes-Amazon Initiative to continue biodiversity and forest conservation efforts in the region until 2031.
- To date, the initiative has been successful in conserving 400 million hectares (988 million acres) of land, about half the size of Brazil, since its establishment in 2003.
- New targets include ensuring 100 million hectares (247 million acres) of freshwater and forest ecosystems, as well as Indigenous and local communities’ lands, are effectively managed.
- To safeguard the resilience and health of the Andes-Amazon region’s ecosystems, at least 70% of its historic forest cover must remain intact, a threshold the initiative will exceed if it hits its new targets, says Avecita Chicchón, program director of the Andes-Amazon Initiative.

Banning high-deforestation palm oil has limited impact on saving forests: Study
- Import bans on palm oil produced through deforestation haven’t had as strong an effect in preventing forest loss as might be expected, according to a new study.
- The paper’s modeling looked at what impact restrictions in Europe on imports of high-deforestation palm oil from Indonesia would have had from 2000-2015.
- They found these restrictions would have reduced deforestation by just 1.6% per year, and emissions by 1.91% per year compared to what actually occurred.
- The study authors and other researchers say the findings underscore the point that demand-side restrictions are only one tool in addressing commodity-driven deforestation, and should be part of a wider suite of incentives and disincentives.

COP27 must deliver climate finance where it is needed most (commentary)
- While it’s critical that adaptation financing continues to increase, it’s equally important that these funds are channeled into projects that protect those who are most vulnerable to the devastating consequences of climate change.
- This year, COP27 will take place in Egypt and the climate vulnerabilities facing communities across the African continent will be on full display, including the ongoing drought in the Sahel and floods in the Nile Delta.
- This opportunity to shape the “Adaptation COP” agenda needs to also include how these resources can be guided by data, toward building a more sustainable future, a new op-ed argues.
- This article is a commentary. The views expressed are those of the authors, not necessarily of Mongabay.

Indonesia’s clean energy transition must start with clean rivers (commentary)
- Indonesian President Joko Widodo has touted hydropower as key to the country’s transition away from coal, which currently dominates the national energy mix.
- But while Indonesia has a wealth of major rivers with the potential to high power-generating capacity, more than half are degraded and polluted.
- With Indonesia set to showcase its clean energy transition when it hosts the G20 summit later this year, this is the time to start cleaning up the country’s rivers, writes Warief Djajanto Basorie.
- This post is a commentary. The views expressed are those of the author, not necessarily Mongabay.

Mongabay’s Top 10 Indigenous News Stories of 2021
- To date, 2021 has proved to be one of the most consequential years for Indigenous rights and participation in global climate and conservation efforts.
- In some parts of the world, Indigenous communities saw support for their rights increase, while in others, threats to their land rights by extractive industries continued unabated.
- To end the year, Mongabay rounds up the top 10 Indigenous news stories of 2021.

Conservation projects in Mesoamerica make the case for Indigenous climate funding
- Research shows that national governments, investors and development organizations consider direct funding to Indigenous-led organizations as too risky, though a new report shows that Indigenous communities with good project management skills exist.
- The report from El Salvador-based nonprofit PRISMA showcases examples of how Indigenous peoples and local communities (IPLCs) in Mesoamerica have successfully managed limited financial resources to conserve forests, revive traditional nature-based solutions and respond to rising sea levels.
- In light of growing recognition of the role of IPLCs in mitigating and adapting to climate change, a Mesoamerican Territorial Fund is providing a mechanism for climate funding to be directly received by Indigenous organizations and rapidly allocated to organizations on the ground.

$1.5 billion Congo Basin pledge a good start but not enough, experts say
- At last month’s COP26 climate summit, a group of 12 international donors pledged at least $1.5 billion over the next four years to support protection and sustainable management of the Congo Basin forests.
- The pledge is part of a broader $12 billion commitment to halt and reverse forest loss and land degradation worldwide by 2030.
- The 200 million hectares (500 million acres) of forests in the Congo Basin may be the last significant land-based tropical carbon sink in the world, making the forests vitally important in the global fight against climate change.
- So far, detail of the pledge remain limited, and reaction from regional experts has been mixed; but all agree that $1.5 billion is far from enough to resolve the region’s issues.

Conflict and climate change are big barriers for Africa’s Great Green Wall
- Fourteen years since the launch of Africa’s Great Green Wall project, only 4% of the 100 million hectares (247 million acres) of land targeted for restoration in the Sahel region has actually been restored.
- Billions of dollars in new funding announced this year have raised hopes that the initiative to combat desertification will gain momentum, but experts and the reality on the ground point to money being far from the only hurdle.
- Funding restoration activities will cost $44 billion, with every dollar invested generating $1.20 in returns, a recent study in Nature Sustainability calculates.
- But experts have echoed concerns captured in the research that conflict and climate change are complicating efforts on the ground, with nearly half of the area identified as viable for restoration falling within the orbit of conflict zones.

Questions over who gets the billions pledged to Indigenous causes at COP26
- Private, public and philanthropic donors pledged billions of dollars to strengthen Indigenous land tenure and forest management at COP26, notably donating $1.7 billion as part of efforts to reverse forest loss.
- Some Indigenous leaders are skeptical about how this will play out given that most previous financial support was not addressed to Indigenous organizations and communities, but to intermediate NGOs, government agencies and regional banks.
- Indigenous organizations say increasing direct funding to Indigenous-led initiatives and transparency in the flow of funds can increase effectiveness of the pledges and build trust.
- Funding for forest monitoring technology is increasingly having a role in how some Indigenous communities safeguard biodiversity and map out their territories.

Indigenous people get less than 1% of climate funding? It’s actually worse (commentary)
- The lead author of a Rainforest Foundation Norway report showing how little funding goes to Indigenous peoples and local communities (IPLCs) for tenure and forest management writes that the reality is even worse than the “less than 1%” soundbite often shared.
- Over 10 years, $2.7 billion was given to support IPLCs’ tenure rights and forest management, which equals 0.74% of total development aid allocated to address climate change.
- Researchers further discovered that 17% of the funding to IPLC tenure and management went to projects that specifically included an IPLC organization, thus representing 0.13% of aid designated to climate change.
- This post is a commentary. The views expressed are those of the author, not necessarily Mongabay.

‘Standing with your feet in the water’: COP26 struggles to succeed
- As at every COP before it, negotiators at COP26 are struggling against time to reach an accord, with negotiators at Glasgow clashing over seemingly irreconcilable differences. With the science of climate change now dire, vulnerable nations are demanding strong specific language, while other nations seek to water it down.
- The group of nations dubbed the “Carbon Club” as long ago as the Kyoto Agreement negotiations in the 1990s, continues to offer the primary stumbling block. Those oil and/or coal producing nations include Russia, Saudi Arabia, China, Australia, Norway, the U.K. and often the U.S.
- The United States, while it has made a major sea change since the denialism of the Trump administration, continues to be cautious about any language that would threaten oil, gas and coal industry subsidies, or antagonize Republican members of Congress or coal company baron and West Virginia Dem. Sen. Joe Manchin.
- As the clock ticks, and the last hours of COP26 slip away, with street protestors increasingly frustrated at the lack of significant movement by the negotiators, the scene remains tense in Glasgow. With the summit now gone into overtime, the outcome of COP26 remains in the balance.

New global partnership aims to remove barriers to Indigenous climate finance
- At COP26, a new international coalition of organizations and investors, the Peoples Forest Partnership, announced plans to mobilize US $20 billion per year by 2030 directly to Indigenous forest conservation projects.
- The partnership believes this initiative can reduce carbon emissions from deforestation by at least 2 billion tons per year while protecting 500 million hectares of threatened tropical forests and biodiversity.
- While the partnership aims to set a high standard for equitable, accessible and culturally appropriate mechanisms for IPLCs to engage with climate finance, a consultation period is open for interested stakeholders to offer input on criteria and principles.

Bornean communities locked into 2-million-hectare carbon deal they don’t know about
- Leaders in Sabah, a Malaysian state on the island of Borneo, signed a nature conservation agreement on Oct. 28 with a group of foreign companies — apparently without the meaningful participation of Indigenous communities.
- The agreement, with the consultancy Tierra Australia and a private equity-backed funder from Singapore, calls for the marketing of carbon and other ecosystem services to companies looking, for example, to buy credits to offset their emissions.
- The deal involves more than 2 million hectares (4.9 million acres) of forest, which would be restored and protected from mining, logging and industrial agriculture for the next 100-200 years.
- But land rights experts have raised concerns about the lack of consultation with communities living in and around these forests in the negotiations to this point.

$1.7 billion pledged in support of Indigenous and local communities’ land tenure
- Several governments and private funders have pledged US $1.7 billion in support of Indigenous and local communities’ tenure rights in recognition of their global contributions to climate change mitigation.
- Funds will be used to support activities that will aid Indigenous and local communities to improve capacity building and secure, strengthen, and protect their land and resource rights.
- COICA, a leading Amazonian Indigenous rights organization, remains skeptical of the fund’s promise to reach Indigenous territories and support communities but says it will monitor the actualization of these new commitments.

Indigenous leaders to push for land tenure rights as climate solution at COP26
- Indigenous leaders from around the world will join government officials, scientists, activists, and NGO representatives at the U.N. climate summit in Scotland to highlight the role of Indigenous peoples in providing climate mitigation and adaptation solutions.
- New reports released ahead of the conference by the World Resources Institute and PRISMA Foundation emphasize the integral role of Indigenous land rights and access to climate funding in combating the climate crisis.
- Indigenous communities on the ground receive only a small fraction of climate funding directed toward Indigenous land tenure and forest management, with international NGOs, development agencies and consulting firms receiving the lion’s share, the PRISMA report says.

Donor agencies should ditch the club and embrace more locals (commentary)
- Aida Greenbury, the former Managing Director of Sustainability at APP Group and currently a board member and advisor to several organizations including Mongabay, argues that donors need to change their approaches if they want to be more effective.
- Greenbury wants to see more money go to locally-run initiatives and greater inclusivity when it comes to decision-making: Less Davos, more communities in recipient countries.
- “The real sustainable solutions to forest conservation will only be found when we embrace the local communities, treat them as equals, let them lead and own the programs and get their full buy-in,” she writes.
- This post is a commentary. The views expressed are those of the author, not necessarily Mongabay.

Forest finance expected to advance under new TREES standard and LEAF Coalition
- The latest edition of the TREES standard for forest carbon crediting attempts to bring together the best of what the private sector can do and the best of what governments can do to protect forests. It is explicit about how projects can be integrated into jurisdiction-level accounting.
- While effectively directing capital to forest communities on the ground, REDD+ projects have been dogged by methodological problems and what in some cases appear to be spurious claims of climate impact.
- The designers of TREES say that with its jurisdictional scale and transparent carbon accounting guidelines, it will better address the main credibility risks so far associated with REDD+ carbon credits.
- Almost 15 years after the original REDD framework, many regard TREES and the LEAF Coalition announced in April 2021 as the first real attempt at credible REDD+ implementation at scale.

Climate philanthropy’s opportunity for impact: Q&A with Bridgespan’s Sonali Patel
- Environmental causes have traditionally attracted only a small share of philanthropic support in the United States. But that may be changing as the impacts of climate change worsen and awareness of the links between a healthy planet and healthy society rises.
- Sonali Patel, a partner with The Bridgespan Group, which advises nonprofits and philanthropists on strategy, told Mongabay that philanthropy can be particularly impactful in the climate space by supporting innovative ideas that may be too risky for investors or governments and putting resources into areas that may not otherwise attract attention.
- “Currently only 1% of spend on climate change comes from philanthropy,” she told Mongabay during a recent interview. “Philanthropy can play a unique role in funding where either the risk is too great or there is a whitespace.”
- Patel said that her background in management consulting, helped prepare her for a role that involves working with organizational leaders to design, develop, and implement strategy. Having sound strategy in place can help position NGOs for what Patel could be the start of a trend that emerged during the pandemic: A rise in donors providing unrestricted funding to organizations they trust.

Behind the buzz of ESG investing, a focus on tech giants and no regulation
- Despite its exponential growth in the last few years, environment, social and governance (ESG) investment is still very unclear and controversial, which makes it hard to define what it means.
- According to a study by financial markets data provider Refinitiv, the largest and best-known ESG funds invest most of their clients’ money in big tech companies like Google, Microsoft, Amazon, Apple and Facebook — companies with a small carbon footprint and high returns for shareholders.
- Some experts say this focus on carbon means the financial market often ignores other ESG issues like data security and labor rights, where big-tech companies have tended to fall short.
- There are some initiatives, mainly in Europe, to create rules and standards for ESG financial products, but for now, almost any company can be bundled into an ESG index and sold as sustainable.

Total’s East African oil pipeline to go ahead despite stiff opposition
- The $3.5 billion heated oil pipeline will connect oil fields in the Lake Albert basin in western Uganda to the port of Tanga on the Tanzanian coast.
- Developed by French oil major Total and Chinese state-owned China National Offshore Oil Corporation, the project has faced staunch opposition from environmentalists who point out that it cuts through some of East Africa’s most biodiversity-rich areas.
- The path of the pipeline will impact almost 2,000 square kilometers (770 square miles) of protected areas, a quarter of that the habitat of eastern chimpanzees and African savanna elephants, and displace more than 12,000 families.
- Three agreements signed this month will now have to be ratified by the parliaments in Uganda and Tanzania, with construction expected to start in July and the first oil exports anticipated in 2025.

‘There is no vaccine for climate change,’ U.N. environment chief says
- The planet is set to warm by 3°C (5.4°F) above pre-industrial levels just this century, but the world remains unprepared for climate change, a U.N. report says.
- More than a quarter of countries still don’t have a single national-level adaptation plan, and financing for adaptation measures falls far short of what is needed.
- By mid-century, adaptation costs could total up to $500 billion for developing countries, which will be disproportionately impacted by climate change despite contributing least to it.
- Less than 5% of adaptation projects have yielded any real benefits in terms of boosting resilience to date, according to a survey of 1,700 projects cited in the report.

‘Nature is next’: Q&A with Finance for Biodiversity’s Simon Zadek
- The Finance for Biodiversity Initiative wants to get governments, companies and the financial sector to factor nature and biodiversity, and not just carbon emissions, into their decision-making.
- Simon Zadek, the group’s chair, says the COVID-19 pandemic may prove the tipping point toward that end, even if the unprecedented wave of stimulus programs being rolled out now doesn’t reflect that focus yet.
- Zadek says there are multiple routes to greener finance, including linking environmental outcomes to debt relief, but that it will take radical transparency in the financial sector to move in that direction.
- He also says the conservation community must move away from a narrow focus on fundraising and realize that the real challenge is not finance for conservation, but aligning global finance — with its $30 trillion a year in public finance spending — with conservation objectives.

Experts question integrity of Indonesia’s claim of avoided deforestation
- The $103.8 million is payment for 20.3 million tons of avoided emissions from 2014-2016, but observers, including on the GCF board, have questioned the way the Indonesian government arrived at that figure.
- Among the contentious points: a reference level that may be inflated, possible double counting, and persistent state neglect of Indigenous rights.
- The government says the process was transparent, and may be eligible for even more funding once it starts accounting for peatland fires in its baseline calculations.

Leaders on the cutting edge of conservation recognized on International Women’s Day
- The Global Landscapes Forum has named 16 leaders in global climate change work ahead of International Women’s Day.
- The conservation leaders come from various backgrounds – from finance and technology to public figures and industry founders and CEOs.
- All of those recognized have long been working to protect and restore the planet, and are actively involved in efforts all over the world.

Success of Microsoft’s ‘moonshot’ climate pledge hinges on forest conservation
- One mechanism by which the 2015 Paris Climate Agreement incentivizes greenhouse gas reductions is via carbon offsets, payments that compensate nations, states and private landowners who agree to keep forests intact in order to preserve carbon storage capacity and biodiversity.
- But problems exist with forest carbon offset initiatives: corrupt landowners, lack of carbon accounting transparency, and low carbon pricing have caused wariness among investors, and failed to spur forest preservation.
- Now, in a landmark move, Microsoft has pledged to go “carbon negative” by 2030, and erase all the company’s greenhouse gas emissions back to its founding in 1975 by 2050. A big part of achieving that goal will come via the carbon storage provided by verified global forest conservation and reforestation projects around the globe.
- To achieve its goal, Microsoft has teamed with Pachama, a Silicon Valley startup, that seeks to accurately track forest carbon stocks in projects in the Brazilian and Peruvian Amazon, the U.S. and elsewhere using groundbreaking advanced remote-sensing technology including LiDAR, artificial intelligence and satellite imaging.

COP25: Self-serving G20 spites youth, humanity, world at climate talks
- With 500,000 mostly young climate activists rallying in Madrid streets, COP25 delegates agreed to disagree on nearly everything, with smaller nations striving to pave the way for implementation of a strong Paris Agreement at COP26 in 2020, while G20 nations dragged their feet, obfuscated, and stopped forward progress.
- The climate conference failed to increase national Paris Agreement carbon reduction pledges, likely dooming the world to catastrophic temperature increases above 2 degrees Celsius (3.6 degrees Fahrenheit) by 2100 unless dramatic advances are implemented next year at COP26 in Glasgow, Scotland.
- The G20 and corporate allies kept the closing of carbon accounting loopholes off the agenda: tree plantations will be counted as forests; the burning of wood pellets (as carbon-polluting as coal) will be counted as carbon neutral; and tropical dams now known to produce major methane releases, will be counted as zero carbon sources.
- The U.S., blocked already promised “loss and damage” financial pledges made to the developing world. Double counting of emissions wasn’t banned. No carbon market mechanism was approved. Paris Agreement language assuring “human rights, the right to health, [and] rights of indigenous peoples” was stripped from COP25 official documents.

Gabon could earn up to $150 million for forest conservation
- Home to 12 percent of the Congo Basin’s forests, the African nation has an established conservation and sustainable management practices track record.
- Since the early 2000s, Gabon has worked to create 13 national parks, while improving performance on timber resource management outside of the parks.
- Gabon’s rainforest has been largely preserved by these and other measures, a key reason why the Central African Rainforest Initiative is brokering a 10-year, $150 million agreement for results-based payments.

’Green’ bonds finance industrial tree plantations in Brazil
- The Environmental Paper Network (EPN), a group of some 140 NGOs with the goal of making the pulp and paper industry more sustainable, released a briefing contending that green or climate bonds issued by Fibria, a pulp and paper company, went to maintaining and expanding plantations of eucalyptus trees.
- The report suggests that the Brazilian company inflated the amount of carbon that new planting would store.
- The author of the briefing also questions the environmental benefits of maintaining industrial monocultures of eucalyptus, a tree that requires a lot of water along with herbicides, pesticides and fertilizer that can impact local ecosystems and human communities.

’Unprecedented’ loss of biodiversity threatens humanity, report finds
- The U.N.’s Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services released a summary of far-reaching research on the threats to biodiversity on May 6.
- The findings are dire, indicating that around 1 million species of plants and animals face extinction.
- The full 1,500-page report, to be released later this year, raises concerns about the impacts of collapsing biodiversity on human well-being.

Our brains can lead us astray when making ‘eco-friendly’ decisions
- Humans rely on a set of cognitive tools, developed to help us sustain interpersonal relationships, to govern our choices that affect the global climate, a pair of psychologists suggests.
- People who purchase food with “eco-friendly” labeling might be apt to buy more of it thinking of it as an offset, when, in reality, all consumption has a climate cost.
- The team suggests that more accurate labeling could help consumers understand which choices are “less bad” rather than “good” for the environment.

Fears of a dire precedent as Brazil seeks results-based REDD+ payment
- Critics worry that Brazil’s reference level for deforestation and the lack of guarantee that the carbon will stay locked up could set an unsustainable precedent for future payments.
- The forest reference levels currently used in the proposal are high enough that deforestation in the Brazilian Amazon could double and Brazil would still qualify for “results-based” payments.

As climate change takes its toll, world leaders call for adaptation
- A new global initiative led by former U.N. secretary-general Ban Ki-moon aims to help the world adapt to the fallout from a changing climate.
- The Global Commission on Adaptation differs from current climate initiatives, which focus largely on mitigation, i.e. efforts to slow the emissions of greenhouse gases.
- The launch of the commission comes in the shadow of a new U.N. report warning of dire consequences from climate change affecting hundreds of millions of people around the world unless the global temperature rise is kept below 1.5 degrees Celsius (2.7 degrees Fahrenheit).
- But even if this is achieved, Ban says, irreversible changes have been made that are already manifesting as unseasonal heat waves, more destructive storms, and other extreme weather events — which will require adaptation rather than mitigation by countries worldwide.

Indonesia turns to green finance for development projects
- Indonesia, one of the world’s biggest greenhouse gas emitters, is turning to green finance markets to fund new development projects it promises will be both environmentally and socially friendly.
- In issuing these ‘green’ and ‘sustainable’ bonds, Indonesia joins a growing number of developing countries seeking to appeal to ecologically and socially conscious international investors.
- But critics question just how green and sustainable these bonds really are, highlighting concerns about greenwashing.

Beyond polar bears: Arctic animals share in vulnerable climate future
- The media has long focused on the impacts of climate change on polar bears. But with Arctic temperatures rising fast (this winter saw the warmest October to February temperatures ever recorded), a wide range of Arctic fauna appears to be at risk, though more studies are needed to determine precise causes, current effects on population, and future projections.
- Diminishing Arctic snow, especially in the spring, may leave wolverines without ideal places to den. Caribou and reindeer populations have been in serious decline due to natural population fluctuation, but scientists don’t know if their numbers will recover under changed climate conditions.
- Lemmings are also being impacted by diminishing snow, often leaving the rodents without cover in spring and autumn. Their decline could impact the predators that prey on them, including Arctic foxes, red foxes, weasels, wolverines, and snowy and short-eared owls.
- Snowy owls have raised concerns because the seabirds they hunt in winter, which congregate around small holes in the Arctic ice, could become more widely dispersed in broader stretches of open water and therefore be harder to prey on. Scientists say more study of Arctic wildlife is urgently needed, but funding and media attention remains sparse.

Nigeria pledges to restore nearly 10 million acres of degraded land
- The government of Nigeria has announced its plans to restore four million hectares, or nearly 10 million acres, of degraded lands within its borders.
- The West African nation is now one of 26 countries across the continent that have committed to restoring more than 84 million hectares (over 200 million acres) of degraded lands as part of the African Forest Landscape Restoration Initiative (AFR100), an effort that aims to bring 100 million hectares of land under restoration by 2030.
- The restoration of degraded forests and other landscapes was found to have the most climate mitigation potential of 20 natural climate strategies examined for a recent study.

Can agroforestry propel climate commitments? Interview with Peter Minang
- In the Paris agreement, most developing countries identified agroforestry as a key part of their climate strategy.
- Nationally Determined Contributions, or NDCs, are the main tool for defining countries’ contributions to the Agreement.
- The World Agroforestry Centre (ICRAF), just released a policy brief on agroforestry’s central role in governmental efforts to achieve their NDCs.
- Author Peter A. Minang explains how agroforestry’s contribution to climate goals could be enhanced.

COP23: U.S., wealthy nations curtail climate aid for developing world
- The small U.S. delegation sent by President Trump to the COP23 climate summit in Bonn has apparently led a successful effort to obstruct significant, much needed, climate change adaptation financing and loss-and-damage financing for the developing world.
- Over the past two weeks in Bonn, the U.S. provided cover for the other developed countries, especially coal-producing Australia, tar sands-producer Canada, and the European Union, as they curtailed offering financial climate aid to the world’s developing nations, including island nations whose existence is at risk from rising oceans.
- One victory: delegates agreed to draft language for Pre-2020 Ambitions, a measure requiring that developed countries be transparent about their current emissions and describe voluntary steps they will take prior to 2020 to further reduce their greenhouse gas emissions.
- It is now hoped by some that the issue of adaptation financing and loss-and-damage financing to the developing world will be finally effectively addressed at COP24 in Poland in December 2018.

Should I stay, or should I go: is U.S. facing a climate scientist brain drain?
- When Donald Trump pulled the United States out of the Paris Agreement last June, French President Emmanuel Macron offered U.S. climate scientists refuge to continue their research. So did Germany. Several hundred answered that call, though many others are in a wait-and-see holding pattern.
- With Trump proposing major budget cuts to scientific programs, and an “anti-science” mantra resounding throughout the new administration, young scientists face a difficult climb up the career ladder. Some are actively looking for research opportunities in the private sector or abroad, while others are staying put in the U.S. and stepping up to resist Trumpian anti-science policies.
- Some experts warn that a decline in U.S. political openness and Trump’s closing of the door to immigrants, who often staff research positions, could pose greater problems for science in the U.S. than any outflow of researchers. Einstein, Enrico Fermi, and many other scientists were immigrants to the U.S. and provided some of the nation’s greatest scientific advances.

Trump failure to lead on climate doesn’t faze UN policymakers in Bonn
- Policymakers from nearly 200 countries are gathering in Bonn this week for climate change talks aimed at fulfilling the promise of the Paris Agreement. U.S. negotiators will be there too, despite President Trump’s denial of climate change and his signaled alliance with the fossil fuel industry.
- Under President Obama, the U.S. played a key leadership role in climate negotiations, bringing China fully on board, and helping broker the landmark 2015 Paris Agreement. President Trump has threatened to withdraw from the pact — a four-year process — and claims he will make a final decision this month. It seems likely China would step into the leadership gap left by the U.S.
- Bonn negotiators remain unfazed by Trump’s climate change denialism or his threat to withdraw from Paris. Every signatory nation is going forward with meeting voluntary carbon reduction pledges. Some policymakers do worry how the parties to the Paris Agreement will make up the loss of billions of dollars in U.S. climate aid promised under Obama, but now denied by Trump.
- The feeling among Bonn participants is that the rest of the world will go forward briskly and effectively in combatting climate change by embracing alternative energy solutions that will bring jobs and prosperity to their countries, while the U.S. will play the role of a rogue nation that will share no part in the resulting economic boon.

Norway extends forest conservation initiative
- At the Paris climate convention on Friday, Norwegian Minister of Environment and Climate Tine Sundtoft said the country would extend its International Climate and Forest Initiative through 2030.
- Norway has already put 17 billion krone ($2.5 billion) into supporting forest conservation initiatives.
- Norway said most of its spending will be targeted “towards paying for verified emissions reductions, in line with relevant UNFCCC decisions”. Norway already has performance-based agreements for reducing deforestation with Brazil, Colombia, Ethiopia, Guyana, Indonesia, Liberia, and Ethiopia.

With drones, satellites, and camera traps proliferating, conservation needs better networking

Landsat image showing deforestation in the Brazilian Amazon. With scientists rapidly adopting and using a range of remote sensing tools for monitoring environmental change, tracking wildlife and measuring biological processes, conservation needs to scale up networking capabilities to maximize the potential of this technological revolution, argues a commentary published in the journal Science. NASA’s Woody […]
Democratizing forest monitoring on a global scale

Deforestation mapping goes global with Stanford’s free online training platform Efforts to map and analyze deforestation and forest degradation got a boost today when Stanford University announced a new online course that provides training on how to use advance forest monitoring software. The course, which is freely available via Stanford University Online Learning, could immediately […]
Video: the conservation drone revolution

The use of small autonomous flying vehicles — model airplanes to hobbyists — is revolutionizing the field of conservation, enabling researchers to track wildlife, monitor for poachers, and survey inaccessible forests and reefs. Lian Pin Koh, the founder of Conservation Drones, a group which is accelerating innovation in the space, highlighted the many exciting applications […]
Using model airplanes to help save the planet

One of the coolest endeavors I’ve come across in recent years of reporting has been the effort to develop “conservation drones” — model aircraft that are now being used to patrol parks, combat poaching, conduct scientific research, and survey wildlife. I am therefore thrilled to announce that Mongabay.org is now the fiscal sponsor for ConservationDrones.org, […]
Google puts $5M toward anti-poaching drone technology
- Google.org, Google Corp’s philanthropic arm, earlier this month pledged $5 million toward efforts combat wildlife poaching.

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