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July 17.2025
3 Minutes Read

Why Wetlands Are Disappearing: Urgent Action Needed for Climate Change

Man observing mangrove in wetland conservation area.

The Urgent Need for Wetland Conservation

In an alarming new report from the Ramsar Convention, titled Global Wetland Outlook 2025, it has been revealed that wetlands—some of the planet's most vital ecosystems—are disappearing at an unprecedented rate. Since 1970, approximately 22% of the world’s wetlands have been lost, with projections indicating that an additional one-fifth may vanish by mid-century unless urgent, immediate action is taken. This underscores the critical need for prioritizing wetland conservation as part of our collective sustainability efforts.

Why Wetlands Matter

Wetlands, despite covering just 6% of the Earth's surface, are vital providers of ecosystem services that contribute over 7.5% of global GDP—about $39 trillion annually. They play a critical role in water purification, carbon storage, and coastal protection. Furthermore, these ecosystems support billions of people by bolstering food systems and livelihoods worldwide. Given their irreplaceable contributions to the planet, safeguarding wetlands is not just an environmental necessity; it's an economic imperative as well.

Transformative Pathways for Action

The report outlines four transformative pathways to reverse the tide of wetland destruction:

  1. Integration into National Planning: Wetlands should be included in all levels of land-use planning.
  2. Embedding in Climate and Biodiversity Finance: A better allocation of resources for wetlands in climate action strategies.
  3. Recognition in the Global Hydrological Cycle: Acknowledging wetlands' crucial role in water cycles.
  4. Mobilizing Blended Finance: Encouraging public-private partnerships to finance wetlands conservation and restoration.

One disturbing takeaway from the report is the fact that wetlands are receiving less than 9% of all climate finance earmarked for nature-based solutions. As Musonda Mumba, Secretary-General of the Ramsar Convention stated, "Wetlands remain overlooked in budgets, underrepresented in plans, and underfunded in action." This presents a compelling case for the urgent need for all stakeholders involved—governments, entrepreneurs, communities—to advocate for increased funding and support for wetland initiatives.

Success Stories Around the Globe

Yet, amidst the challenging statistics, the report shares promising success stories showcasing what can be achieved with concerted efforts. For instance, in Zambia’s Kafue Flats, an initial $300,000 restoration project has blossomed into a $1 million annual investment that supports biodiversity and sustains approximately 1.3 million people. Initiatives like the Regional Flyway Initiative, which aims to restore over 140 wetlands across Asia, emphasize the potential for extensive collaboration and funding.

The report emphasizes that restoring around 5.5 million square kilometers of wetlands—an area half the size of Canada—is necessary to meet both global biodiversity and climate targets. However, current commitment levels fall woefully short, hovering around a mere 0.25% of global GDP. This gap represents not just a challenge but an opportunity for stronger engagement in conservation initiatives.

Community Involvement in Wetland Restoration

Communities play a critical role in the restoration and preservation of wetlands. Local involvement not only ensures the success of projects but fosters a sense of ownership and responsibility towards these ecosystems. Through community gardens and educational programs, citizens can take meaningful action that contributes to broader conservation efforts. The interface between local actions and global goals illustrates a dual pathway that benefits both the environment and social fabric.

Conclusion: A Call to Action

The report released in Nairobi ahead of the Ramsar Convention’s COP15 summit is a clarion call to every individual, organization, and government entity. It is essential that we engage in practices that safeguard wetlands through sustainable living methods, including supporting eco-friendly products, renewable energy projects, and advocating for conservation efforts. Together, we can create a sustainable future where our invaluable wetlands can thrive once more.

Sustainability and Green Business

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09.04.2025

Discover How MTerra Solar Power Project Will Transform Filipino Households

Update Embracing Solar Power: How the MTerra Project Will Benefit Filipino Households As the world shifts its focus toward sustainable energy, the Philippines is set to make a significant leap forward with the Meralco Terra (MTerra) Solar project. Spearheaded by BDO Unibank, this ambitious initiative not only represents the country's largest solar facility but aims to empower approximately 2.4 million households with renewable energy. With the project expected to be fully operational by 2027, it stands as a beacon of hope for both energy sustainability and social responsibility. Tackling Energy Demand and Inequality The Philippines has made remarkable strides in electrification in recent years. Yet, approximately 3.6% of households remain off the national grid. The MTerra project will change this dynamic by integrating solar power generation with battery energy storage, ensuring consistent power availability, even after sunset. This initiative is poised to bridge the energy gap for underserved communities, emphasizing the need for equitable access to clean energy. Financial Backing for a Sustainable Future BOO Unibank, the leading financier of the MTerra project, is contributing significantly to this $264 million endeavor. Their investment is a clear indicator of the shift toward local financing for renewable projects. Eduardo V. Francisco, president of BDO Capital, underscored the importance of this initiative, stating that empowering sustainable projects is vital for strengthening the Philippines' energy security during the transition to a greener future. Local financial institutions are exploring innovative ways to drive sustainability investments, which is critical for the country's long-term energy goals. Environmental Impact: A Cleaner Future Renewable energy isn’t just about electricity; it’s about fostering an eco-friendly environment. The MTerra Solar project is expected to reduce carbon emissions by roughly 4.3 million tonnes annually—akin to removing three million gasoline-powered cars from the roads. As climate change continues to be a pressing issue, projects like MTerra align with global efforts to curb emissions and promote environmental conservation. Community Initiatives and the Broader Social Impact Beyond providing clean energy, the MTerra project actively plans to implement various socially-focused initiatives. This includes installing solar streetlights in barangays and offering job training and placement opportunities for local communities. The intersection of renewable energy with social responsibility enhances empowerment, enabling community members to engage actively in their development. Charles M. Rodriguez, BDO's executive vice president, notes that renewable energy projects can champion economic innovation and social equity. Looking Ahead: The Role of Local Financing The success of the MTerra project highlights the role of local financing in the renewable energy sector. With BDO Unibank’s commitment and the collaboration of other lenders like Security Bank and China Banking Corp, there is a growing recognition that sustainable development requires investment not just in energy but also in social initiatives and community welfare. Inspiring A Sustainable Future As the world increasingly prioritizes environmental stewardship and climate action, projects like MTerra stand as exemplars of sustainable solutions that address both energy demands and community needs. The vision is clear; creating a cleaner, greener future is not merely about technology upgrades but fostering a societal shift toward sustainability. Taking Action for Sustainability As the MTerra Solar project unfolds, it becomes evident that sustainable living practices can permeate daily life. Communities are encouraged to adopt eco-friendly habits, invest in renewable energy options whenever available, and engage in consciousness surrounding climate change and environmental impact. Every small step counts, leading to a monumental change toward a more sustainable Philippines.

09.04.2025

Ten Companies Linked to $119.6 Billion in Heatwave Losses—A Call for Sustainability Responsibility

Update How Corporate Emissions are Driving Economic Losses As heatwaves intensify across the globe, it’s clear that climate change is no longer a distant threat—it’s an ongoing crisis affecting economies and livelihoods. In South Korea, new research reveals that merely ten of the country’s largest corporations have been linked to an astounding $119.6 billion in economic damages due to extreme weather from 2011 to 2023. Leading the charge are steelmaking giant POSCO and Korea Electric Power Corporation (KEPCO), both of which embody the industrial might that comes with significant environmental responsibilities. The Prolific Impact of Polluting Corporations According to the non-profit Solutions for Our Climate (SFOC), these ten firms are responsible for roughly half of South Korea's greenhouse gas emissions over the past twelve years. Notably, KEPCO and its subsidiaries contributed an estimated $101 billion in damages from heatwaves alone. This revelation not only highlights the economic ramifications of corporate emissions but also underscores the urgent need for greater accountability in South Korea’s energy and industrial sectors. Climate Change and Its Economic Footprint South Korea’s latest economic statistics reveal a troubling trend: this summer’s heatwaves and resulting floods will likely increase consumer goods prices by at least 0.3 percentage points. Key sectors struggling under this strain include agriculture and construction, highlighting the interconnections between climate volatility and economic vitality. For instance, the price of napa cabbage, essential for making kimchi, surged by an astonishing 52% in just a month due to climate-driven supply disruptions. Consequently, livestock deaths rose sharply, exacerbating the challenges faced by farmers and consumers alike. Legal Action: Farmers Standardizing Climate Accountability In a pioneering move, a group of six farmers has filed South Korea's first corporate climate lawsuit against KEPCO, demanding compensation for the extensive losses they have endured as a result of climate change. Their claim, amounting to approximately $72.9 billion, not only seeks reparation but also aims to spark wider discussions about corporate responsibility and environmental policies. This legal milestone underscores the growing recognition among communities that the costs associated with climate change should not solely fall on the shoulders of individuals but on the corporations that significantly contribute to emissions. Looking Forward: Future Implications for Corporate Policies As awareness of environmental issues crescendos, it is pivotal for corporations to adopt practices that genuinely reflect sustainability principles. Industries must pivot towards cleaner energy sources and sustainable practices to mitigate their carbon footprints. Renewable energy adoption, inefficiencies in production, and transitioning to a circular economy are vital steps towards reducing environmental damage and aligning business strategies with the urgent needs of sustainability. Wider Call to Action The findings from this research serve as a clarion call for stakeholders across industries. The spotlight is now on corporations to redefine their roles from mere economic entities to responsible corporate citizens. Individuals can contribute to eco-friendliness by supporting brands that prioritize sustainable development, thereby fostering a collective movement toward responsible consumption. In the words of climate advocates, 'Every action counts, and profitability should never come at the expense of our planet.' To decrease individual carbon footprints and support sustainable initiatives, consider committing to an eco-friendly lifestyle. Embrace renewable energy sources in your home, reduce waste through recycling and composting, and support businesses dedicated to sustainable practices. Together, through informed choices and community action, we can foster an environment that prioritizes sustainability and ecological balance.

09.04.2025

Why Carbon Trading Rules in the Philippines Are Essential for Sustainable Living

Update The Urgent Need for Carbon Trading Regulations in the Philippines As the climate crisis accelerates, the Philippines stands at a critical juncture regarding its approach to carbon trading. Experts assert that the nation desperately needs regulations to guide the burgeoning carbon market, which is currently characterized by uncertainty and inconsistency. Despite multiple carbon projects being operational, the absence of formal governance frameworks can lead to chaos and inefficiencies, making it imperative for the government to act swiftly. Current Landscape: A Market in Limbo Carbon projects across the Philippines, while innovative and potentially beneficial for the environment, are running without the structure needed to maximize their impact. Rose Josol from SGV & Co emphasizes the risks involved when existing projects might need to halt operations due to upcoming regulatory changes. "We are overdue some guidance on the carbon markets as there are already multiple projects registered under the major standards," she stated, underscoring the necessity for clear guidelines. Lessons from Neighboring Countries The situation in the Philippines is reminiscent of Indonesia’s recent experiences, where carbon projects faced operational hurdles without regulatory support until 2021. This induced significant waiting periods that delayed vital financial flows into climate initiatives. Countries like Thailand and Singapore are currently ahead, engaging in carbon trading agreements aimed at meeting climate targets under the Paris Agreement, highlighting the importance of timely regulations for effective carbon trading. Why Fast-Tracking Carbon Trading Rules Matters Not only are carbon trading rules necessary for project viability, but they also pave the way for investments in renewable energy sources, which are critical for sustainable development. By providing a reliable regulatory framework, the Philippines could attract investor confidence, leading to operational enhancements in clean energy projects. This would contribute to reducing the nation's carbon footprint while fostering a robust green economy. Envisioning a Sustainable Future With the anticipated release of new guidelines from the Department of Energy (DOE), there is hope that these regulations will support both energy and forest-based carbon trading projects. While the initial rollout might focus predominantly on energy projects, incorporating forest-based credits will be crucial for holistic environmental stewardship and addressing deforestation, as these areas can also contribute substantially to carbon offsetting. Call for Collective Action As stakeholders in the private sector, academia, and civil society prepare for a more structured carbon trading environment, it is essential that they advocate for comprehensive and inclusive regulations that accommodate all existing carbon initiatives. By taking a collective approach, the Philippines can learn from the pitfalls faced by other nations and steer its path towards sustainable growth, solidifying its position as a leader in climate action in Southeast Asia. In conclusion, the imminent arrival of carbon trading regulations is more than a compliance matter; it represents an opportunity for the Philippines to assert its commitment to sustainability and eco-friendly practices. This moment calls not only for clarity and action from policymakers but also a cohesive effort from all sectors involved.

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