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People:Thomas DiNapoli
A lack of progress on negotiations at COP29 is undermining hopes that countries could support the creation of an international framework that would support private sector transition planning, a webinar hosted by the IFC and Environmental Finance heard.
The Bahamas has signed a $300 million loan with Standard Chartered as part of a ground-breaking marine conservation-focused debt conversion transaction developed with The Nature Conservancy (TNC) and Inter-American Development Bank (IDB).
The nature financing gap remains concerningly wide, but the increasingly active debt-for-nature market offers hope that the tide is turning. Ahren Lester reports
The International Advisory Panel on Biodiversity credits launched at COP16 a framework consisting of 21 High-Level Principles to ensure the high-integrity of the biodiversity credit market. Ingrid Kukuljan explains what they hope to achieve
The public and private sectors have been encouraged to account for nature as an asset by the Sustainable Markets Initiative (SMI) to deliver more accurate balance sheet information.