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Mangrove forests revived to mitigate impacts of climate change

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13 Sep, 2024

This post was originally published on UNDP

Mangrove forests revived to mitigate impacts of climate change
kate.smith@undp.org
Thu, 09/12/2024 – 05:28

Spanning a total area of 200,000 hectares, Việt Nam’s mangrove forests are believed to not only have socio-economic and biodiversity values, but also act as large carbon storage areas that help capture emissions.

Recognising the positive impacts of mangrove forests in the face of climate change, Việt Nam has been working to protect and revive these areas with the help of the international community, including through a project improving the resilience of vulnerable coastal communities to climate change related impacts.

The mangrove forests from the project are flourishing to become a ‘green barrier’ against strong waves while also protecting coastal dykes and improving local livelihoods and biodiversity. Data as of June this year shows that the emission reduction from the project’s mangrove forests reached over 1.1 million tonnes of CO2, exceeding the initial target of 565,000 tonnes.

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Publication Date
Fri, 09/06/2024 – 12:00

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Government consulting on sustainable investment labelling

Government consulting on sustainable investment labelling

The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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