The “Nature-based Solutions (NbS) for Climate, Biodiversity & People” project in the UAE is funded by HSBC, and is a partnership between the Environment Agency – Abu Dhabi (EAD), Emirates Nature-WWF and the International Center for Biosaline Agriculture (ICBA).
The project is part of HSBC’s Climate Solutions Partnership, a global philanthropic initiative in partnership with the World Resources Institute (WRI) and WWF, to help scale up high-impact NbS to capture carbon dioxide and protect natural ecosystems.
The project - which follows the International Union for the Conservation of Nature (IUCN) Global Standard for NbS - focuses on the protection, restoration and management of coastal ecosystems, including mangroves, seagrasses and saltmarshes, as a key NbS to strengthen climate change mitigation, enhance biodiversity, and open up benefits for society through opportunities that unlock blended finance to support ecosystem protection, Blue Carbon, ecotourism and food security, among other goals. These are critical national issues as the UAE gears up to host COP28 in 2023.More About the Project
The UAE coastline has many diverse and productive Blue Carbon ecosystems of local, regional and global importance for society, biodiversity and climate change mitigation. Its economic, social and environmental significance mean it is critical to safeguard this marine wealth, and we are working to preserve its resources while exploring potential sustainable business opportunities that could be created for the private sector.
There is a quest to increase financial flows towards nature conservation and associated bankable projects which create positive environmental returns leading to improved biodiversity outcomes and climate mitigation and/or adaptation, while also being attractive for financial institutions to invest in.
The partnership will collaborate closely with local and national stakeholders to implement conservation solutions founded on robust science, improved policies and greater public awareness, to ensure that healthy marine ecosystems are at the heart of policy goals and actions to achieve environmental, economic and societal benefits for all. The project will embrace a holistic ecosystem-based approach at a seascape level which recognizes that the value and provisioning of ecosystem services is influenced by connectivity across multiple ecosystems.
By EAD, Oxford Seascape Ecology Lab, Seascape Analytics, Emirates Nature-WWF and ICBA I Costal seascapes
By Marina Antonopoulou | Climate Change
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