FEATURES

Market Romance: Paraguay’s Carbon Credit Innovation and Climate Investments

With strong legislative enforcement of the Carbon Credit Law, the Republic of Paraguay is advancing environmental protection and conservation in the Chaco region, supporting projects that safeguard ecosystems while attracting over USD 10 million in responsible investment. At the same time, the country is expanding certification processes across more than 400,000 hectares, strengthening long-term stewardship of forests, biodiversity, and natural carbon sinks.

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Protect What You Love: Grenada’s Community-Driven Marine Conservation 

Our Bay, Our Future takes center stage as Grenada seeks to advance its marine protection initiatives. The project was officially launched last month at the Woburn Bay Jetty by the Caribbean Biodiversity Fund in collaboration with the Grenada Sustainable Development Trust Fund and with the financial support of Global Affairs Canada.

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Embracing Bamboo as a Pathway to Resilience in the Philippines

The Philippines is turning to one of its oldest natural resources to help secure a more resilient future, placing nature at the heart of climate action through a renewed national push for bamboo development. This month, the Climate Change Commission (CCC) launched the campaign “Kawayan: Kabalikat ng Klima at Komunidad,” highlighting bamboo as a powerful nature-based solution that supports environmental protection, community resilience, and sustainable livelihoods.

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Sri Lanka’s Love Letter to the High Seas

Sri Lanka is taking steps to strengthen national stewardship of marine biodiversity in response to the entry into force of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement. This landmark international treaty, which entered into force in January 2026, establishes a global framework for conserving and sustainably using marine life in the high seas.

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When Climate Vulnerability Becomes Personal

Damage to infrastructure and agriculture, disruptions to transport and services, and the costs of emergency response ripple across the economy. When such shocks recur year after year, recovery becomes partial and fragile. Each rebuilding effort begins before the last has fully ended.

From the outside, climate impacts are often described as temporary setbacks. On the ground, they feel structural. Resources that could support education, healthcare, industrial development, or job creation are repeatedly redirected toward response and repair. Public debt grows not through poor decisions, but because climate shocks leave governments with few alternatives.

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High Seas Treaty Enters Into Force

The first legally binding ocean instrument to provide for inclusive ocean governance, known as the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, entered into force on January 17, 120 days after at least 60 countries have ratified the treaty.

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Liberia to Implement Carbon Levy on Maritime Shipping

The Republic of Liberia becomes the third African country to introduce a carbon levy on maritime shipping, after Djibouti’s and Gabon’s domestic implementation. Starting on March 1 this year, the country will impose a USD 25 per tonne fee on CO2 emitted by ships entering and leaving its ports.

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Marshall Islands Pioneers Climate Resilience Strategy for Atoll Nations

The Blue-Green Atolls Project by the Republic of Marshall Islands begins its preparation phase after securing approval from the Global Environment Facility (GEF) Trust Fund and the Special Climate Change Fund. Initial stages include technical assessments, stakeholder engagement, and the mobilization of complementary public and private finance. With the United Nations Development Programme as the implementing agency, the project receives USD 38.5 million from co-financing and USD 8.537 million from the GEF Project Grant.

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