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Indonesia looks to incorporate blue carbon in second NDC, ministry official says

Indonesia has begun preparing its second Nationally Determined Contribution (NDC) to submit to UNFCCC, the government announced in a press conference this week, adding that it would seek to incorporate the marine sector, with a focus on managing coastal and marine ecosystems.

Backed by $5 mln USDA grant, agtech startup seeks to earn carbon credits through hydroponic farming

An Atlanta-based agtech startup is seeking to generate voluntary carbon credits through indoor hydroponic vertical farming, with funding from a $5 million US Department of Agriculture (USDA) grant.

UK nature degradation could cost economy £70 bln in next five years -report

Long-term nature-related risks could cost the UK economy up to £70 billion – or 3% of GDP – by the late 2020s due to a slowdown in growth, the Green Finance Institute (GFI) found in a “first of its kind” research published Thursday.

Italy warned against falling short on climate targets at G7 ministerial

Climate experts are calling on Italy to support stronger commitments for renewables as G7 nations prepare to meet over the weekend to discuss climate action for the first time under the country's leadership.

Canadian insurance subsidiary piles C$6 mln into nature-based removals, conservation

A Candian subsidiary of a UK insurance multinational has provided C$6 million ($4.4 mln) to a non-profit towards the development of nature-based carbon projects and conservation efforts, it announced Wednesday.

Ecosystem ‘tipping points’ poised to severely harm global economy, study warns

Policymakers should recognise and properly assess the economic risks posed by ecosystem 'tipping points' (ETPs) in order to preserve global financial stability, according to researchers.