COP28

8 ways that stopping overfishing will promote biodiversity and help address climate change

Retrieved on: 
Thursday, February 15, 2024

Halting overfishing is itself effective climate action.

Key Points: 
  • Halting overfishing is itself effective climate action.
  • The intricate relationship between climate change and ocean ecosystems was the subject of recent collaborative research — led by researchers at the University of British Columbia — that highlighted the crucial links between overfishing and climate change.

Finding the connections

  • Doing so would bolster marine life resilience in the face of climate shifts and reduce associate carbon emissions.
  • 2 — Large subsidized fishing boat fleets can actually be a burden on small-scale fisheries, leaving them disproportionately vulnerable to shocks.
  • In turn, overfishing not only depletes resources but also escalates carbon emissions, intensifying climate impacts on these fisheries and their communities, particularly women.
  • Read more:
    Flipping Indigenous regional development in Newfoundland upside-down: lessons from Australia

    6 — Overfishing exacerbates climate and biodiversity threats.

  • 7 — International fisheries management must play a central role in promoting biodiversity and retaining the ocean’s carbon sequestration potential.
  • While 87 nations have signed the UN’s Biodiversity of Areas Beyond National Jurisdiction Treaty (also known as the High Seas Treaty), only one has ratified it.
  • Future regulations should allocate a percentage of the annual fish quota to maintain the carbon sequestration function of marine animals.

A simple goal

  • Ending overfishing isn’t just an ecological imperative but a linchpin for climate action.
  • Furthermore, fisheries aren’t mere victims in these dynamics, but have real agency to play a pivotal role in either exacerbating or mitigating climate change.
  • Regulation of fisheries, while controversial, is essential to not overly exploit such a valuable public resource.


Rashid Sumaila receives funding from Canadian Research Councils, the Belmont, intergovernmental organizations, e.g. the World Bank, foundations and philanthropies (e.g. Pew, Oceana and the Dona Bertarelli).

INVNT™ Further Expands Service Offerings in Event Management Sector, Reinforcing Industry Leadership

Retrieved on: 
Wednesday, February 14, 2024

New York, NY, Feb. 14, 2024 (GLOBE NEWSWIRE) -- INVNT ™, the global leader in live brand storytelling, is proud to announce the continued expansion of its service offerings within the event management sector.

Key Points: 
  • New York, NY, Feb. 14, 2024 (GLOBE NEWSWIRE) -- INVNT ™, the global leader in live brand storytelling, is proud to announce the continued expansion of its service offerings within the event management sector.
  • Petrina Rosholt, CMP (Certified Meeting Professional), who has been with INVNT for 10 years, was promoted to Vice President of Account Services and Event Management.
  • “At INVNT, we have always been at the forefront of offering comprehensive event management services, seamlessly integrating logistics, planning, and project management to create engaging storytelling experiences.
  • The recent expansion of event management services further positions INVNT to meet the growing demands of a dynamic global market, reinforcing its commitment to innovation, customer service, and partnership.

Landmark UAE Consensus becomes defining framework for all countries to keep 1.5°C within reach and ensure global implementation

Retrieved on: 
Wednesday, February 14, 2024

It gives clear direction to all countries on how to keep 1.5°C within reach, transforms agreements into tangible outcomes, and ensures global implementation by delivering a set of world firsts.

Key Points: 
  • It gives clear direction to all countries on how to keep 1.5°C within reach, transforms agreements into tangible outcomes, and ensures global implementation by delivering a set of world firsts.
  • The UAE Consensus reaffirms the UAE's position as a global leader in multilateral climate and development settings.
  • The UAE Consensus also proved that multilateralism can still work, even at a time of high geopolitical tension.
  • "If this agreement is to get traction, we need serious action," Dr. Al Jaber said, "Now the hard work begins."

ALTÉRRA investment vehicle aims to mobilize US$250 billion by 2030 and be fund of choice for climate transition, CEO tells World Governments Summit

Retrieved on: 
Wednesday, February 14, 2024

"ALTÉRRA's structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition," he added.

Key Points: 
  • "ALTÉRRA's structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition," he added.
  • The second arm, the US$5 billion ALTÉRRA TRANSFORMATION, is designed to provide risk mitigation capital to incentivize investment flows into the Global South.
  • ALTÉRRA has a dedicated investment focus on four pillars that underpin the priorities of the COP28 Action Agenda: the energy transition, industrial decarbonization, sustainable living and climate technologies.
  • "The UAE has committed US$30 billion to ALTÉRRA, making it the world's largest private investment vehicle for climate change action, and the fund aims to mobilize US$250 billion globally by 2030," HE Ambassador Majid Al Suwaidi, COP28 Director-General and ALTÉRRA CEO, said in a panel session.

ALTÉRRA investment vehicle aims to mobilize US$250 billion by 2030 and be fund of choice for climate transition, CEO tells World Governments Summit

Retrieved on: 
Wednesday, February 14, 2024

"ALTÉRRA's structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition," he added.

Key Points: 
  • "ALTÉRRA's structure, scale and scope set it apart from other investment vehicles and will help it become the go-to fund for the climate transition," he added.
  • The second arm, the US$5 billion ALTÉRRA TRANSFORMATION, is designed to provide risk mitigation capital to incentivize investment flows into the Global South.
  • ALTÉRRA has a dedicated investment focus on four pillars that underpin the priorities of the COP28 Action Agenda: the energy transition, industrial decarbonization, sustainable living and climate technologies.
  • "The UAE has committed US$30 billion to ALTÉRRA, making it the world's largest private investment vehicle for climate change action, and the fund aims to mobilize US$250 billion globally by 2030," HE Ambassador Majid Al Suwaidi, COP28 Director-General and ALTÉRRA CEO, said in a panel session.

Norsk Hydro: Changing the aluminium game - Strengthening position in challenging markets

Retrieved on: 
Wednesday, February 14, 2024

All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.

Key Points: 
  • All business areas, except Bauxite & Alumina, delivered returns above their cost of capital in challenging markets during 2023.
  • At the same time, lower trailer build rates in North America have started to negatively impact demand in the transport segment.
  • A weakening extrusion ingot market is further putting pressure on product premiums and several remelters are faced with negative margins, consequently.
  • The transactions enable capital reallocation into strategic growth areas, strengthening Hydro’s earnings resilience in a rapidly changing global landscape.

Zayed Sustainability Prize opens submissions for Hong Kong for 2025 cycle

Retrieved on: 
Wednesday, February 14, 2024

ABU DHABI, UAE, Feb. 14, 2024 /PRNewswire/ -- The Zayed Sustainability Prize, the UAE's pioneering global sustainability and humanitarian award, has officially announced that the 2025 cycle is now open for submissions. 

Key Points: 
  • ABU DHABI, UAE, Feb. 14, 2024 /PRNewswire/ -- The Zayed Sustainability Prize, the UAE's pioneering global sustainability and humanitarian award, has officially announced that the 2025 cycle is now open for submissions.
  • Submissions will be accepted until 23 June 2024 through the Prize's online portal.
  • Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Director General of the Zayed Sustainability Prize, and COP28 President, said: "Since 2008, the Zayed Sustainability Prize has honoured the legacy of Sheikh Zayed by fostering inclusive sustainable and humanitarian development around the world.
  • In response to the climate crisis, the Prize has increased its funds from US $3.6 million to US $5.9 million.

Zayed Sustainability Prize opens submissions for Singapore for 2025 cycle

Retrieved on: 
Wednesday, February 14, 2024

ABU DHABI, UAE, Feb. 14, 2024 /PRNewswire/ -- The Zayed Sustainability Prize, the UAE's pioneering global sustainability and humanitarian award, has officially announced that the 2025 cycle is now open for submissions. 

Key Points: 
  • ABU DHABI, UAE, Feb. 14, 2024 /PRNewswire/ -- The Zayed Sustainability Prize, the UAE's pioneering global sustainability and humanitarian award, has officially announced that the 2025 cycle is now open for submissions.
  • Submissions will be accepted until 23 June 2024 through the Prize's online portal.
  • Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Director General of the Zayed Sustainability Prize, and COP28 President, said: "Since 2008, the Zayed Sustainability Prize has honoured the legacy of Sheikh Zayed by fostering inclusive sustainable and humanitarian development around the world.
  • In response to the climate crisis, the Prize has increased its funds from US $3.6 million to US $5.9 million.

‘Fortress’ conservation policies threaten the food security of rural populations

Retrieved on: 
Tuesday, February 13, 2024

Conservation, especially when modelled on notions of “pristine nature” — environments untouched by human influence — can create obstacles by limiting access to important food sources.

Key Points: 
  • Conservation, especially when modelled on notions of “pristine nature” — environments untouched by human influence — can create obstacles by limiting access to important food sources.
  • We must shift from strict fortress conservation to more integrated, sustainable use of rural landscapes if we are to achieve both biodiversity conservation and dietary outcomes.

Settling down

  • In turn, traditional diets were mostly comprised of wild foods, both plants and animals, that were harvested from the surrounding environment.
  • This shift is the greatest driver of forest and other habitat loss globally, resulting in the substantial simplification of our diets.
  • In other words, diversity in diets is linked with better nutrition and improved overall health.
  • Up to 1.5 billion people globally depend on wild foods for nutrition and dietary diversity, particularly in the tropics.
  • Building policies that protect people’s rights to access these landscapes is of paramount importance to ensure such dietary diversity in many rural settings.

Local stewards

  • It is increasingly recognized that those who benefit from access — mostly Indigenous Peoples and local communities — are the best stewards of that land.
  • However, land annexation in the name of conservation, and loss of access to the natural resources they contain, continues unabated.
  • The major issue is that the notion of “pristine nature” does not exist in most landscapes, both tropical and temperate.

The way forward

  • The recent Declaration on Sustainable Agriculture, Resilient Food Systems and Climate Action at the COP28 climate summit goes some way to recognize the importance of “smallholders, family farmers, fisherfolk and other producers and food workers.” However, there is no mention of the role of wild foods in rural nutrition, nor the role that forests and trees play in supporting agriculture through ecosystem service provision.
  • Read more:
    Flipping Indigenous regional development in Newfoundland upside-down: lessons from Australia

    This must change to allow sustainable use initiatives to play a critical role in complementing and supporting diverse and nutritious diets for the rural poor — without compromising biodiversity goals or climate change mitigation strategies.


Terry Sunderland does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Oil and gas lobbyists have deep pockets and access to politicians, but an EU ban could be in the pipeline

Retrieved on: 
Tuesday, February 13, 2024

Something similar is already in place for the tobacco industry in order to safeguard public health.

Key Points: 
  • Something similar is already in place for the tobacco industry in order to safeguard public health.
  • The European Parliament is set to examine what lessons can be learned to protect the environment from the harms associated with continued use of fossil fuels.
  • Restrictions on tobacco lobbyists, known as the Framework Convention on Tobacco Control (FCTC), came into force in 2005 and are legally binding in 182 countries.
  • Litigation in the US has shown that some of the major oil companies actively engaged in deception, denial and increasingly now delay tactics.
  • But delaying policies to address the climate emergency pose a huge societal risk.

Dominating discussions

  • Many leading climate scientists are growing increasingly concerned about the continued influence of oil and gas lobbyists.
  • The industry still enjoys privileged access to the highest reaches of decision making in Europe.
  • The EU’s delegation to the recent COP28 included over 130 oil and gas industry lobbyists.
  • What happens with lobbying will give a sense of how Europe will grapple with the challenges of the transition to low carbon energy.


Will Dinan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.