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The Sea Isn’t the Only Thing Rising: Life, Death and Disease in the Pacific

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01 Aug, 2024

This post was originally published on UNDP

The Sea Isn’t the Only Thing Rising: Life, Death and Disease in the Pacific
kate.smith@undp.org
Wed, 07/31/2024 – 02:51

What can we do to address the complex interconnected threats of climate change? Multilateral investments are crucial say Ami Bera and Sheila Cherfilus-McCormick. 

“In Tuvalu, we stood atop a sea wall partially funded by the U.N.’s Green Climate Fund and the U.N. Development Program (UNDP), the first large-scale coastal adaptation project of its kind in the region. Completed in 2023 using local labor, huge amounts of sand were sustainably dredged to create an embankment 2,500 feet long and 330 feet wide. This “reclaimed” land stands eight feet above the Highest Astronomical Tide, providing protection to 60 percent of the population for at least the next 80 years.  Assuming there is sufficient funding for Phase 2, the entire population of Tuvalu’s capital — approximately 6,000 people — will be able to move to higher ground. Adding to the impact, the sea wall will be silted, allowing Tuvaluans to create community gardens, increasing their access to fresh produce and reducing their reliance on expensive food imports.”

Publication Date
Fri, 07/12/2024 – 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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