News / #peatlands
In recent years, biodiversity credit projects and the methods to calculate their value have proliferated, seen by some as a way to finance the US$700 billion gap in conservation funding identified in the 2022 Global Biodiversity Framework.
Environmentalists warn the plan to increase palm oil content in biodiesel will mean more deforestation, despite its association with renewables.
Climate change is making floods, heatwaves and storms more frequent and more intense; scientists warn emissions must be cut.
Citing estimates, former central banker Ravi Menon says a carbon price of just US$20 per tonne could halve Southeast Asia's deforestation rate. At the Unlocking capital for sustainability 2024 summit, he cautioned that Asia cannot compromise on emissions cuts even as it pursues growth. The loss of carbon sinks has "serious implications".
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