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Welcome to Nature4Climate's Daily Nature Brief at COP27. We encourage you to forward and share this newsletter with your colleagues at COP and beyond to stay up to date on the latest Natural Climate Solutions news.
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The general reactions to Finance Day yesterday mirrored those of the World Leaders Summit: that the scale of the announcements and commitments made so far, both public and private, pale in comparison to the scale of the need, outlined in a range of new reports. In other words, there is still considerable work to be done to deliver a credible finance package outcome to help accelerate transitions to a 1.5 future. The proposal of the U.S. to mobilize private carbon market finance to support clean energy transitions in developing countries was met with mixed reactions. On the nature front, many of the new finance commitments were made at the FCLP summit on Monday, complemented by a range of announcements yesterday. In the Blue Zone, there have been a series of events on the different finance mechanisms and transformations needed to scale up nature-based action, although virtual access has been somewhat hampered by internet issues in the conference center. Most of these will be available on the Nature4Climate Youtube channel in due course.
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Day 3 Round Up
Africa Sustainable Commodities Initiative. Ministers of the 10 West and Central African countries signed the expanded Africa Sustainable Commodities Declaration - moving from the original focus on palm oil to a set of principles that encompass all relevant commodities in the production landscape. The Africa Sustainable Commodities Initiative (ASCI) puts producer countries in Africa at the forefront of defining the principles for the sustainable development of cocoa, rubber, palm oil, coffee and other commodities, in a way that protects livelihoods and protects natural resources, including forests.
"We’ve been on a journey that demonstrates our commitment to sustainable agriculture and development. I am proud to take this next step to sign ASCI, providing a single platform for all future developments in the agricultural sector. The groundwork has been laid: moving beyond palm to incorporate all commodities, and we are also committed to ensure that any future development uses the full FPIC process." -Hon. Foday M Jaward, Minister of Enviro, Sierra Leone
Restore Africa. The Global EverGreening Alliance and Climate Impact Partners announced a partnership to deliver up to US$ 330 Million in community-led carbon removal programs across Africa: in Kenya, Ethiopia, Malawi, Tanzania, Uganda, and Zambia. This effort is part of Restore Africa, building more resilient livelihoods, restoring productivity to degraded landscapes, and drawing down significant volumes of carbon from the atmosphere.
Tree Equity. Yesterday, American Forests announced a $10 million Tree Equity Catalyst Fund to help make cities more inclusive, safe, resilient and sustainable, in line with the U.N.’s Sustainable Development Goal 11. The Fund will complement the Inflation Reduction Act’s $1.5 billion investment in urban and community forestry—the largest such investment by enhancing the capacity of cities and frontline organizations to advance Tree Equity in urban communities across the United States.
US Poll. New poll commissioned by US Nature4Climate shows strong support for tapping into the potential of natural/working lands to address climate change. By a 86% to 14% margin, voters support laws & public funding to expand implementation of natural climate solutions.
WBCSD NBS Report. On Monday, WBCSD launched a new report on Nature-based Solutions (NbS) -- alongside supporting technical papers on related topics -- that present findings and recommendations for NbS strategies for Net Zero, Nature Positive and addressing Inequality, based on the role that NCS can play for the climate.
Brazilian Beef & Soy Report. New report by Chain Reaction Research finds that full traceability of Brazilian soy supply chains is possible and is already part of existing sector agreements; and full traceability of Brazilian cattle supply chains is challenging, but possible. Additionally, its financial analysis finds if the costs of supply chain due diligence are spread across the full supply chain, including the downstream segment, the impact on gross profit and operating profit would be in the ranges of 0.6-3.4% and 1.1-0.9%, respectively.
Freshwater Report. New research shows that water is much more important in mitigating climate change than previously believed. Better management of water is critical to tackling today’s food and energy crises, both of which are exacerbated by climate change. The report titled: “The essential drop to reach Net-Zero: Unpacking Freshwater's Role in Climate Change Mitigation,” released today, is the first-ever summary of current research on the role of water in climate mitigation. A key message is the need to better understand global water shortages and scarcity in order to plan climate targets that do not backfire in future.
Save Cleantech Utilities. Egyptian Engazaat S.A.E, Swedish Azelio AB, and French Mascara NT announced an alliance to provide innovative utility solutions addressing the challenges of the Water-Energy-Food nexus. The alliance, SAVE Cleantech Utilities, will offer “Water-and Energy-as-A-Service-Model” for the first time in the industry enabling farmers in off-grid desert locations to focus their resources on the farming activities.
Scaling and Accelerating Adaptation In Food Systems in Africa. WWF shares a new report highlighting the US$60 billion shortfall in climate finance for adaptation in Africa is preventing action in food systems at speed and scale necessary to address climate change. The report details why agri-food subsidies must be redirected to support nature-positive food production practices and African national climate action and adaptation plans shouldn't overlook diets and food loss and waste solutions.
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US Midterms
Many eyes have been focused on the results of the US midterm elections, which could have major ramifications for the nation's domestic and international engagement on climate change. Political pundits expected a strong showing from the Republican party, but were surprised by a stronger showing from the more climate-friendly Democratic party than was expected. The final results of several midterm election races for seats in the House of Representatives and Senate are still too close to call. Some races may have to be 're-run' in special elections held in December, which also occurred in the 2020 elections, to decide the balance of power in the Senate. A few clear takeaways though were strong showings for Democrats in Governor and State Congressional races across critical swing states. This bodes well for US climate action as state level governments are critical for President Biden's administration to implement the nation's largest climate bill ever, the Inflation Reduction Act.
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Green Gigaton Report
The world is not on track to achieve forest goals of ending and reversing deforestation by 2030, critical for a credible pathway to the 1.5°C Paris Agreement goal, according to a new report by the UN-REDD Programme, UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and the Green Gigaton Challenge (GGC). It finds that for the 2030 goals to remain within reach, a one gigaton milestone of emissions reductions from forests must be achieved not later than 2025, and yearly after that.
The report, Making good on the Glasgow Climate Pact: a call to action to achieve one gigaton of emissions reductions from forests by 2025, finds that current public and private commitments to pay for emissions reductions are only at 24% of the gigaton milestone goal. Only around half of these commitments have been realized through signed emissions reduction purchase agreements and none of the funding for these commitments has yet been disbursed.
“There is no Paris Agreement and no SDGs without forests. As UNEP’s Emissions Gap Report reminded us once again, the window is closing and we urgently need to scale up action and finance for forest-based mitigation to achieve the 2025 one gigaton milestone and avert catastrophic climate change. If we succeed, and the new Forest and Climate Leaders Partnership is a promising sign of ambition, then vital targets for climate and nature remain within reach,” said Susan Gardner, Director, Ecosystems Division, UNEP on behalf of the GGC.
The report outlines that an unmistakable signal in the form of a carbon price of USD 30-50 per ton of CO2e for forest emissions reductions is needed to provide the incentives, means and predictability required for countries to invest in the protection of their forests. Such a price would combine a donor-funded floor price with private sector demand for high-integrity emission reductions above that price.
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Bridgetown Agenda
Barbados Prime Minister Mia Mottley has a proposal to reform the international financial system to better serve crisis-affected lower-income countries. Mottley’s Bridgetown Agenda has been backed by French President Macron, who called for an expert group to drive rapid, new climate finance for vulnerable countries. France, Colombia and Barbados are all now calling for the IMF, World Bank and OECD to review their debt repayment rules for countries hit by impacts. Keep you eyes on this space.
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NatureTech Event
3pm-4pm, 14th November, Nature Zone (Blue Zone, COP27)
Nature Tech can help to address the interrelated challenges of climate change and nature loss, supporting global climate, nature and sustainability goals. Given the point we are at in both these crises, we need all the innovation, speed and scalability of technology that we can throw at it, working alongside science and with the appropriate guardrails in place.
This dynamic and interactive in-person event will discuss the financing of Nature Tech, the potential market for it, and the safeguards the sector could adopt. A new market analysis will be launched at the event, looking at the scale, impact, and opportunities that some of the solutions available to date can offer.
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TODAY'S EVENTS
All times local Sharm El-Sheikh time. The full schedule for the NatureZone can be viewed here.
Koronivia’s Future Series: Koronivia and the Role of Agroecology
Time: 8:30-9:30 AM
Organizers: WWF
Location WWF Pavillion
Coastal Wetlands in National and Subnational Climate Strategies: Nature-Based Solutions in Practice
Time: 9:00-10:00 AM
Organizers: Pew Charitable Trusts
Location: Nature Zone Pavilion
Ocean Conservation and Climate Protection
Time: 9:00 AM
Organizers: Monaco Scientific Center (CSM)
Location: Ocean Pavilion
The Carbon Market Debate: Are Carbon Credits Necessary to Achieve Net-Zero?
Time: 9:00-10:30 AM
Organizers: IETA
Location: IETA BusinessHub
Side Event Room
COP27 Press Conference: Emissions from soy deforestation in Brazil
Time: 9:00-9:30 AM
Organizers: Global Canopy
Location: Press conference room Luxor
Embracing nature as the foundation for global security
Time: 9:30-11:00 AM
Organizers: Global Environment Facility
Location: GEF/GCF Pavilion
(NbS) for Climate Adaptation in Mountains: promoting women leadership in agricultural landscapes
Time: 9:30-11:30 AM
Organizers: International Union for Conservation of Nature
Location: Korea Pavilion
Legal Security of Investments in Legal Amazon
Time: 09:45-10:45 AM
Organizers: Interstate Legal Amazon Consortium
Location: Legal Amazon Hub
Unlocking and Scaling Climate Solutions in Food System - An Assessment of NDCs for Food Systems Transformation
Time: 10:00-11:00 AM
Organizers: WWF
Location WWF Pavillion
Accelerating Ocean-based Climate Action for a Sustainable Future
Time: 10:00-11:30 AM
Organizers: Ocean & Climate Platform, French Agency for Development
Location: French Pavilion
Global Mangrove Alliance Mangrove Breakthrough Announcement
Time: 10:30-11:00 AM
Organizers: Global Mangrove Alliance, Coral Vita
Location: Nature News Room
Corporate Net-Zero: A Deep Dive on Developing and Executing a Robust Net-Zero Strategy
Time: 10:30 AM-12:00 PM
Organizers: Patch
Location: IETA BusinessHub
Side Event Room
Transparency: The Key to Accelerating Global Nature Restoration
Time: 11:00 AM-12:00 PM
Organizer: Restor
Location: Nature Zone Pavilion
Unleashing the power of innovation for regenerative and climate-smart food systems
Time: 11:00-11:45 AM
Location: Food Systems Pavillion
The Amazon Basin: Solutions for a Healthy Forest-Water Nexus
Time: 11:00 AM-12:00 PM
Organizers: Interstate Legal Amazon Consortium
Location: Legal Amazon Hub
Indigenous and Local Communities Led Nature-Based Climate Solutions
Time: 11:30 AM-12:30 PM
Organizers: WWF
Location WWF Pavillion
Regen10: Opportunities to scale regenerative food systems for people, nature and climate
Time: 11:30 AM-12:30 PM
Organizers: CGIAR, FAO, Rockefeller Foundation
Location: Food and Agriculture Pavilion
The Social Story to Nature-Based Removals: Leveraging Carbon Finance to Create Long-Term Ecosystems for Livelihoods and IPLC (Indigeonous People & Local Communities) Rights
Time: 12:00-1:30 PM
Organizers: VNV Advisory
Location: IETA BusinessHub
Side Event Room
International Cooperation for Carbon Neutrality and Green Growth with the Next-gen Climate Experts Coalition for Our Common Future
Time: 12:00-1:30 PM
Organizers: Coalition for Our Common Future
Location: Korea Pavilion
Greening Sovereign Debt: Addressing Dual Crises of Climate and Debt
Time: 1:00-2:00 PM
Organizers: The Nature Conservancy
Location: Nature Zone Pavilion
Climate Focused, Nature Positive
Time: 1:00-5:00 PM
Organizers: S&P Global Sustainable1
Location: Hub Culture Climate Pavilion
Brazil-DR Congo-Indonesia (BICS) Alliance for a just and sustainable forest governance
Time: 1:00-2:00 PM
Organizers: CIPÓ Platform, Imaflora, Chatham House, Brazilian Center for Analysis and Planning (CEBRAP); Center d'Etudes pour l'Action Sociale (Democratic Republic of Congo), Bogor Agricultural University (IPB)'s Center for Transdisciplinary and Sustainability Sciences, Observatório do Clima and Maranta
Location: Brazil Climate Action Hub
Opportunities and Challenges in the Carbon Market and Beyond
Time: 1:30-3:00 PM
Organizers: Verra
Location: IETA BusinessHub
Side Event Room
How can integrating local knowledge improve climate adaptation and mitigation solutions, resilience, and preserve biodiversity?
Time: 2:30-3:30 PM
Organizers: FRIENDSHIP France, RISE - Our World Heritage, Small Islands Organization (SMILO)
Location: French Pavilion
Triangular cooperation: Innovative climate-smart solutions
Time: 2:30-3:30 PM
Organizers: CGIAR, FAO, Rockefeller Foundation
Location: Food and Agriculture Pavilion
Urban Trees for Equitable Cities: Tools to Realize SDG Goal 11
Time: 3:00-4:00 PM
Organizers: American Forests
Location: Nature Zone Pavilion
Finance and debt for zero-carbon and nature-positive cooperation -Asia and Latin-America perspective
Time: 3:00-4:30 PM
Organizers: Beijing Greenovation Hub for Public Welfare Development
Location: Osiris (300)
Territorial financing. Empowering communities for climate action.
Time: 3:00-4:30 PM
Organizers: Fundación Programa Salvadoreño de Investigación sobre esarrollo y Medio Ambiente
Location: Thebes Room (150)
Easter Amazon Fund and Other Innovative Climate Finance Mechanisms in the Amazon
Time: 3:15-4:15 PM
Organizers: Interstate Legal Amazon Consortium
Location: Legal Amazon Hub
Bringing Forests Forward: Scaling Corporate Action for Nature, Climate and People
Time: 4:00-5:00 PM
Organizers: WWF
Location WWF Pavillion
We Mean Business Coalition Partners’ Meeting and Reception
Time: 4:00-7:00 PM
Organizers: We Mean Business Coalition
Location: Business Pavilion
Auditorium A
Elevating Youth Voices
Time: 4:30-5:00 PM
Organizers: National Geographic Society
Location: Nature Zone Pavilion
Healthy People, Healthy Planet (Future Lab)
Time: 4:30-6:00 PM
Organizers: Global Climate Action
Location: Action Room 1-IBIS
Blue Carbon: Establishing Policy and Enhancing Implementation Based on Science
Time: 4:30-6:30 PM
Organizers: Ministry of Oceans and Fisheries Korea, Marine Environment Management Corporation, Kunsan National University
Location: Korea Pavilion
Why Zero Deforestation and Conversion is Critical to a Credible 1.5 Pathway? Evidences and Solutions
Time: 5:30-6:30 PM
Organizers: WWF
Location WWF Pavillion
Reducing Emissions from Cooking to Achieve Nationally Determined Contribution (NDC) Goals
Time: 5:30-6:30 PM
Organizers: US Government
Location: US Center Pavilion
From Seeds to Satellites: Indigenous Resilience Strategies
Time: 5:50-7:40 PM
Location: Indigenous Peoples Pavilion
GEF-7 Inclusive conservation initiative: translating pledges to IPLCs into action for climate and biodiversity
Time: 5:30-7:45 PM
Organizers: Global Environment Facility
Location: GEF/GCF Pavilion
Generating ITMOs in Accordance with Article 6.2 Under the Bilateral Cooperation Agreement with Switzerland
Time: 6:00-7:30 PM
Organizers: KliK Foundation
Location: IETA BusinessHub
Side Event Room
Translating Pledges to IPLCs into Action for Climate and Biodiversity: GEF-7 Inclusive Conservation Initiative Event & Reception
Time: 6:00-8:00 PM
Organizers: Global Environment Facility, Green Climate Fund
Location: GEF/GCF Pavilion
Accelerating Adaptation Ambition through Glasgow Sharm El-Sheikh (GLASS) Work Program on Global Goal on Adaptation (GGA): What COP 27 Must Deliver
Time: 7:00-8:00 PM
Organizers: WWF
Location WWF Pavillion
KliK Foundation Programme Developer Networking Reception
Time: 7:30 - 8:30
Organizers: KliK Foundation
Location: IETA BusinessHub Lounge
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N4C AT COP
Nature Zone
The Nature Zone pavilion is a dedicated space at COP27 to bring to life the momentum, action, and impact that surrounds Nature Positive – the global goal to immediately halt and reverse nature loss by 2030. All events will be open for everyone to attend unless otherwise stated. Those not able to attend in person can watch the livestream on Nature4Climate’s YouTube channel.
Full schedule can be found our new website!
If you're on the ground, come find us in Zone C. Here's a helpful map, in case, like us, you find yourself hopelessly lost.
Nature's Newsroom
Nature’s Newsroom is a bespoke broadcast studio within the Nature Zone which will be sharing nature positive stories via video content captured at COP27. The Newsroom will broadcast live from its studio daily. There will be a Nature Positive show going live 10.30am local time each day, as well as interviews from partners including Eurovision and We Don't Have Time. For daily content from from the Newsroom, please go to the Trello board, where we will upload the best of our content each day.
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NBS IN THE NEWS
Expanding Conservation Efforts to Protect Vital Forests Across the Globe
CSR Wire, 8 November
Blue carbon will be the next frontier of carbon crediting
GreenBiz, Jesse Klein, 9 November
Colombia, Venezuela launch COP27 call to save Amazon
France 24, 8 November
Unlocking the Potential of African Carbon Markets [Commentary]
Project Syndicate, Yemi Osinbajo and Ivan Duque Máquez, 8 November
US announces strategic plans, funding for advancing nature-based solutions
Carbon Pulse, Joan Pinto, 9 November
Zero Progress? One year on from COP26, GFANZ investors remain heavily exposed to deforestation
Global Witness, 9 November
Laos readying 30 mln tonnes in forestry emissions reductions by 2025, exploring credit options -minister
Carbon Pulse, Roy Manuell, 9 November
With Lula Back, Can Brazil Turn the Tide on Amazon Destruction?
Yale E360, Jonathan Watts, 9 November
COP27: How can the world fund the growth of nature protection?
Context, Laurie Goering, 8 November
At COP27, Damages to Global South Nations From Climate Change Finally On The Agenda
The Real News Network, Tanupriya Singh, 8 November
When it comes to climate change, cows are the new coal [Commentary]
Context, Jeremy Coller, 8 November
Appetite for charcoal threatens ‘lungs of Africa’
Financial Times, David Pilling, 7 November
In Brazil’s soy belt, Indigenous people face attacks over land rights
Mongabay, Ana Ionova, 8 November
UK Provides $109 Million Climate Funding for Nigerian Farmers
Bloomberg, Ruth Olurounbi, 8 November
COP27 round-up: GFANZ members still funding firms linked to deforestation
Responsible Investor, Fiona McNally, 9 November
Nicobar project gets assent for diversion of 130 sq. km of forest
The Hindu, Rhea Gupta, 9 November
Correio's view: Environmental alert is a chance for Brazil [Commentary]
Correio Braziliense, 9 November
Governments in the arc of Amazon devastation go to COP27
Folha De S. Paulo, 9 November
Brazil Is Out of Partnership for Forests at COP27
Folha De S. Paulo, Phillip Watanabe, 9 November
Boycott of the Amazon Fund was a “political option” of the Bolsonaro administration
Brasil de Fato, Nara Lacerda, 9 November
With the Amazon, Brazil can lead a low-carbon economy and be an example of positive carbon
Valor Econômico, 9 November
Pew Among Organizations Making Expansive Commitment to Map Indian Ocean Seagrass
Associated Press, 9 November
COP27 Initiatives Boost Deforestation Efforts
ESG Investor, Jack Grogan-Fenn, 8 November
Seeking trees in the forest of COP27 natural capital talk
Agri Investor Chris Janiec, 8 November
Deforestation is pushing Amazon to ‘point of no return’: WWF report
Mongabay, Maxwell Radwin, 9 November
COP27: Zelenskyy reveals how much forest destroyed by Russia's war - and accuses Putin of disrupting global climate action
Sky News, Victoria Seabrook, 8 November
Analysis: At COP27, nature protection takes root - but value still unclear
Reuters, Laurie Goering, 8 November
Cop27: Lula brings Brazil back into climate fold with pledge to save Amazon
The Independent, Kim Sengupta, 8 November
Indonesia Receives First Payment for Reducing Emissions in East Kalimantan
Mirage News, 8 November
Brazil development bank ratchets up VER spend to $19 mln in second tender
Carbon Pulse, Matt Lithgow, 9 November
Climate Action Reserve developing Panama forestry protocol as carbon market takes shape
Carbon Pulse, Wiliam Koblensy Valera, 9 November
US-based carbon credit firm signs MoU with DRC province for offset projects
Carbon Pulse, Peter Kiernan, 8 November
COP27: South Korea, Gabon flag potential Article 6 partnership
Carbon Pulse, Mark Tilly, 8 November
World Bank launches results-based payment fund to help countries access international carbon markets
Carbon Pulse, Roy Manuell, 8 November
New initiative plans explosive growth in African VCM market to 300 mln credits by 2030
Carbon Pulse, Paddy Gourlay, 8 November
Concern and hope for Sunderbans on Day One of UN climate summit
My Kolkata, 8 November
Mangroves as carbon sink: India joins five-nation alliance at COP27
Business Standard, Nitin Kumar, 8 November
New Africa carbon markets initiative launched at COP27
Xinhua, 8 November
Society Watch: Indigenous peoples fear being overshadowed after COP26 moment in the sun
Reuters, Mark Hillsdon, 8 November
Here’s how California can prevent meaningful climate progress from going up in smoke [Commentary]
The Sacramento Bee, Dave Daley, 8 November
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N4C POLICY TRACKER
Nature4Climate and our partners Metabolic have updated and expanded the database for the NbS Policy Tracker, launched in 2021 at COP26. The NbS Policy Tracker is the world’s largest global database of public policies that facilitate the delivery of crucial NbS solutions. This includes legislation (laws or constitutions), subsidies, and strategies and plans with budgets. In addition to these policies, the database now also includes NbS in international commitments, such as the Nationally Determined Contributions (NDCs), National Adaptation Plans (NAPs) and National Biodiversity Strategies and Action Plans (NBSAPs).
The nature-based policies identified—both last year and this year—will be available on the new N4C website and further integrated into N4C’s upcoming Naturebase platform.
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