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Arab News
3 hours ago
- Arab News
Placing nature-based solutions at the heart of climate action
Most climate policy discussions focus on reducing carbon emissions and adopting clean energy alternatives, often overlooking nature — an essential ally in combating climate change. Nature-based solutions are fundamental tools for climate action. These include restoring forests, improving soil health, and developing coastal areas to help achieve global net-zero targets. Societies use nature-based solutions to protect and restore ecosystems, while operating sustainably to address social challenges. Forests, wetlands, and oceans act as carbon sinks and provide powerful tools for climate adaptation and resilience. The co-benefits of nature-based solutions include strengthened communities and more robust economic systems. The UN Environment Programme estimates that nature-based solutions could deliver up to 37 percent of the emissions reductions needed by 2030 under the Paris Agreement. Yet they currently receive less than 3 percent of total climate finance. There is significant scope for increased investment. The financial sector is beginning to value ecosystem services through mechanisms such as carbon and biodiversity credits. Voluntary carbon markets surpassed $2 billion in value in 2022, largely due to the prominence of nature-based components. Biodiversity markets are also beginning to emerge. For example, France has launched a biodiversity credit system allowing developers to fund ecosystem protection as compensation for environmental impacts. The EU Taxonomy for Sustainable Activities includes biodiversity protection and circular economy principles among its environmental criteria for sustainable investments. Article 6 of the Paris Agreement allows for the trading of international carbon credits and channels funding toward large-scale, nature-driven projects. In Saudi Arabia, support for nature-based solutions is evident in the Kingdom's Vision 2030 reform agenda. Governments and ESG-minded investors must rethink their approach — seeing ecosystem restoration not as a cost, but as a long-term asset. Majed Al-Qatari The Saudi Green Initiative aims to plant 10 billion trees, regenerate land, and launch carbon market mechanisms linked to land-based projects. NEOM, the futuristic city under construction along Saudi Arabia's northwestern coast, incorporates regenerative design and nature-based landscaping into its infrastructure. Globally, other examples include Amsterdam's urban greening initiative, which is creating parks and rooftop gardens to reduce heat and absorb carbon dioxide, and Microsoft's investment in high-quality forest carbon projects as a part of its goal to become carbon-negative by 2030. However, nature-based solutions face growing scrutiny over their integrity. Some carbon and biodiversity assets fail to deliver real environmental benefits. For instance, scientists have found that more than 90 percent of evaluated rainforest carbon offsets do not reflect genuine emissions reductions. The Integrity Council for the Voluntary Carbon Market is working to establish a global framework for high-quality, transparent carbon credits. Such standards must be adopted widely to ensure credibility and impact. While nature-based solutions are not a silver bullet, they are essential. Only rigorous technical standards for emissions reductions can ensure progress toward net-zero targets. Despite their potential, nature-based solutions continue to suffer from underinvestment. When properly funded, they offer exceptional outcomes: reducing emissions, restoring biodiversity, and supporting communities. Governments and Environmental, Social and Governance-minded investors must rethink their approach — seeing ecosystem restoration not as a cost, but as a long-term asset. To restore the climate, we must restore nature. • Majed Al-Qatari is a sustainability leader and ecological engineer experienced in advancing environment, social, governance and sustainability goals.
Asharq Al-Awsat
6 hours ago
- Asharq Al-Awsat
Reports: Newcastle Reject Liverpool Bid for Isak
Newcastle have rejected Liverpool's opening bid to sign unsettled Sweden striker Alexander Isak, according to reports on Friday. Isak has been training at his old club Real Sociedad this week after reportedly telling Newcastle he wants to leave St James' Park. The 25-year-old has been linked with Liverpool since the end of last season and the Premier League champions are now believed to have formalized their interest with an offer of around £110 million ($159 million) plus potential add-ons. But Newcastle, who reportedly value Isak at £150 million, remain keen to hold onto their prize asset and have rebuffed Liverpool's initial bid. Isak, who joined Newcastle in a £60 million move from Real Sociedad in 2022, scored 23 Premier League goals last season to help Newcastle qualify for the Champions League. He has three years left on his Newcastle contract, but did not travel to Asia for the Magpies' ongoing pre-season tour, with the club saying he had a minor thigh injury. On Thursday, Real Sociedad confirmed he was at their Zubieta facility with his own trainers. It was reported on Friday that Newcastle had told Isak he could agree a new deal containing a get-out clause for next year, but he responded by insisting he wants to move now. Liverpool manager Arne Slot has already bolstered his attacking options by signing Eintracht Frankfurt striker Hugo Ekitike and Bayer Leverkusen playmaker Florian Wirtz during the current transfer window. But the Reds are keen to make their forward line even more formidable by adding Isak as they look to win back-to-back English titles for the first time since the 1980s. Newcastle boss Eddie Howe struck a defiant note earlier this week when he said: "He is still our player. He's contracted to us. "We, to a degree, control what is next for him. I would love to believe all possibilities are still available to us. "My wish is that he stays, but that's not in my full control." Liverpool have spent over £250 million so far in the summer window, with Milos Kerkez, Jeremie Frimpong and Giorgi Mamardashvili joining Wirtz and Ekitike at Anfield.
Arab News
8 hours ago
- Arab News
Newcastle reject Liverpool bid for Isak: reports
LONDON: Newcastle have rejected Liverpool's opening bid to sign unsettled Sweden striker Alexander Isak, according to reports on Friday. Isak has been training at his old club Real Sociedad this week after reportedly telling Newcastle he wants to leave St. James' Park. The 25-year-old has been linked with Liverpool since the end of last season and the Premier League champions are now believed to have formalized their interest with an offer of around £110 million ($159 million) plus potential add-ons. But Newcastle, who reportedly value Isak at £150 million, remain keen to hold onto their prize asset and have rebuffed Liverpool's initial bid. Isak, who joined Newcastle in a £60 million move from Real Sociedad in 2022, scored 23 Premier League goals last season to help Newcastle qualify for the Champions League. He has three years left on his Newcastle contract, but did not travel to Asia for the Magpies' ongoing pre-season tour, with the club saying he had a minor thigh injury. On Thursday, Real Sociedad confirmed he was at their Zubieta facility with his own trainers. It was reported on Friday that Newcastle had told Isak he could agree a new deal containing a get-out clause for next year, but he responded by insisting he wants to move now. Liverpool manager Arne Slot has already bolstered his attacking options by signing Eintracht Frankfurt striker Hugo Ekitike and Bayer Leverkusen playmaker Florian Wirtz during the current transfer window. But the Reds are keen to make their forward line even more formidable by adding Isak as they look to win back to back English titles for the first time since the 1980s. Newcastle boss Eddie Howe struck a defiant note earlier this week when he said: 'He is still our For the latest updates, follow us @ArabNewsSport 'We, to a degree, control what is next for him. I would love to believe all possibilities are still available to us. 'My wish is that he stays, but that's not in my full control.' Liverpool have spent over £250 million so far in the summer window, with Milos Kerkez, Jeremie Frimpong and Giorgi Mamardashvili joining Wirtz and Ekitike at Anfield. Newcastle have rejected Liverpool's opening bid to sign unsettled Sweden striker Alexander Isak, according to reports on Friday. (AFP/File)
