Integrating nature and biodiversity into business practices is key to sustainable operations for Asean’s bioeconomy. However, the lack of pricing mechanisms and firmer regulations governing natural resources must see the region come together to address such challenges.
The standards organisation accused of approving “worthless” credits last year got an endorsement for meeting the ICVCM's quality criteria. The carbon market outlook remains unclear, with Indonesia recently censuring a huge forest project.
Key asks include looking into having two new nature parks, along with explicit safeguards for the airspace above and earth under protected areas – after an upcoming subway line was allowed to run under gazetted forests years ago.
The Brazilian city of Belém will welcome the world at next year’s UN climate summit, but faces a race to be ready. Its residents are calling for a lasting legacy and investment.