Category News

Builders Vision and Bloomberg invest $18m for coral reefs

On the sidelines of the UN Oceans Conference, held from 27 June to 1 July 2022 in Lisbon, Portugal, the governments of Portugal and Kenya co-organised a forum on investment in the sustainable blue economy. One of the outcomes of the initiative was an increase in the capital of the Global Coral Reef Fund (GCRF). With two new commitments totalling US$18 million, the GFCR’s capital now stands at US$170 million.

The larger of the two contributions is from Builders Vision, an impact platform offering philanthropic tools and versatile investments to individuals and organisations committed to sustainable development. Builders Vision is investing US$5-10 million in the RFCG’s equity fund, as well as contributing US$5 million to the RFCG’s catalytic grant fund.

Bloomberg Philanthropies...

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What are whale sharks up to?

The largest fish in the ocean is a globe-trotter that can occasionally be found basking in the coastal waters of the Panamanian Pacific. However, little more is known about the habits of the whale shark (Rhincodon typus) in the region. By satellite-tracking the whereabouts of 30 of them, scientists from the Smithsonian Tropical Research Institute (STRI), the Anderson Cabot Center for Ocean Life and the University of Panama explored the factors influencing this endangered species’ behavior.

The R. typus, like other large sharks, may take years or even decades to reach maturity and reproduce, making them vulnerable to population declines, especially when combined with human threats...

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UK-built Forum satellite will measure greenhouse effect 

A spacecraft measuring Earth’s warming ‘greenhouse’ effect in its greatest ever detail will be built in the UK.

The Forum satellite will be assembled by aerospace giant Airbus at its factory in Stevenage.

It will monitor far-infrared radiation coming up from our planet’s surface.

It’s this particular type of light that makes molecules of gases such as carbon dioxide and water vapour vibrate, leading to a heating of the atmosphere – a key aspect of climate change. 

Forum is an Earth observation mission of the European Space Agency (Esa). Its procurement contract with Airbus is worth €160m (£140m).

The paperwork was signed at the Hou...

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Scientists create guidelines to help conserve Caribbean coral reefs

At a critical time for economies and the ocean, The Nature Conservancy, the Caribbean Hotel & Tourism Association and the United Nations Environment Programme joined forces to create, for the first time in the Caribbean, a guide to coral reef restoration designed specifically for the tourism sector. 

Healthy coral reefs are essential for the Caribbean tourism industry, which drives local economies and supports hundreds of thousands of livelihoods throughout the region. A Guide to Coral Reef Restoration for the Tourism Sector presents coral restoration best practices backed by scientific research, practitioner experience and stakeholder input...

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How Climate Change Affects Biodiversity in Marine Ecosystems

The endless impacts of climate change aren’t limited to one type of ecosystem. Although many reports about climate change focus on how it affects human lives, how does climate change affect the biodiversity of marine ecosystems? Here’s the latest news on climate change and marine life, explained.

According to a 2020 report by the National Oceanic and Atmospheric Administration (NOAA), over 90 percent of global warming in the past 50 years has been absorbed by the ocean. Oceans have a central role in the stabilization of Earth’s temperatures, so when they absorb more heat than necessary, the global imbalance becomes catastrophic...

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Drastic Action Needed to Save Oceans, Experts Warn Ahead of UN Summit

Major stakeholders have called for drastic action to save the planet’s oceans ahead of the United Nations Ocean Conference in Lisbon. “Politicians must listen to scientists,” Nuria Baylina of the Lisbon Oceanarium says. “It is urgent to take measures” on activities, such as fishing and emissions, the Portuguese biologist added, saying “drastic action is necessary.”

More than 20 heads of state and government are expected to convene at the Ocean Conference (June 27 – July 1), where delegations from 193 countries will draw up an action plan to protect the seas.

The Lisbon agenda will reinforce commitments of the 2030 agenda for Sustainable Development, which include reducing marine pollution and expanding protected waters to 30%.

So far the international community ...

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Climate change: Rich nations accused of ‘betrayal’ at Bonn talks

Climate talks in Bonn headed into their final day with rich nations accused of betraying the developing world. Poorer countries say that a promise they would be compensated for the damage done by richer countries’ emissions would be honoured this year. They believed that new money to pay for the impacts of climate change that they can’t adapt to would be set up.

But in the discussions in Bonn, they say the issue has been side-lined by the US and Europe. 

For many participants, a concept known as loss and damage has become the key issue in the global climate negotiations. 

Developing country participants say climate impacts on their countries are more severe than on the richer nations and they have less financial capacity to cope.

“We are already living with loss and dama...

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Ningaloo Corals Are Ill-Equipped To Handle Future Climate Change

The relatively pristine coral populations of WA’s inshore Kimberley region are better equipped to survive ocean warming than the World Heritage-listed Ningaloo Marine Park, according to a new Curtin University study.

Despite previous research predicting coral species would move south to cooler waters to protect themselves, the new study — published in Molecular Ecology — has found this may not hold true on the West Coast of Australia.

The new study, which investigated coral population connectivity and adaptive capacity, has found corals growing in different reef systems in north-western Australia are genetically isolated from each other.

The findings were based on the genetic data of a reef-building coral, Acropora digitifera, sampled from five well-known reef systems...

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Bonn climate conference: World is “cooked” if we carry on with coal, US says

The US envoy on climate change John Kerry has warned that the war in Ukraine must not be used as an excuse to prolong global reliance on coal. Speaking to the BBC, Mr Kerry criticised a number of large countries for not living up to the promises they made at the COP26 climate summit. Climate diplomats meet again today in Bonn amid new, energy security worries.

If countries extend their reliance on coal in response to the war, then “we are cooked,” Mr Kerry said.

The fragile unity shown in Glasgow last November is likely to be tested in Bonn as countries deal with the fallout from Russia’s invasion of Ukraine and the cost of living crisis.

Mr Kerry told the BBC that despite these drawbacks, “as a world we are still not moving fast enough,” to rein in the emissions of warming gase...

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COP26: Are nations on track to meet their climate goals?

New targets for reducing emissions, cutting back on fossil fuels and ending deforestation were agreed by world leaders at the COP26 summit. Nations are meeting again in Bonn to discuss progress since the Glasgow Climate Pact was signed at COP26. So, are they keeping their promises?

Emissions: Possible fall this year
What was agreed?

In Glasgow, countries agreed to submit more ambitious climate plans, including cuts to emissions of carbon dioxide (CO2).

Why does it matter?

Carbon dioxide is a greenhouse gas which causes climate change. Reducing emissions is needed to help keep temperature rises within 1.5C. Above this could cause “climate catastrophe”, according to UN scientists.

What’s been done?

Countries were given a deadline of September to submit new plans – but curre...

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