Southeast Asia's protected areas could do better with more resources

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As countries expand their protected areas to meet the ambitious goal of protecting 30 per cent of land and sea by 2030, many newly established protected areas are failing to stop deforestation, leading to biodiversity loss and carbon emissions.

However, relying purely on such market-based mechanisms has its drawbacks.“With any market-based approach, there is a risk of market crashes,” Zeng says.“It brings risks within the lifetime of a project.” Instead, he says, blended finance, with its mix of public and private funding to manage protected areas, can alleviate the risk.

As countries expand their protected areas to meet the ambitious goal of protecting 30 per cent of land and sea by 2030, many newly established protected areas are failing to stop deforestation, leading to biodiversity loss and carbon emissions.

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Article Details

Author / Journalist: Spoorthy Raman

Category: EconomyBusiness

Markets: SingaporeAustraliaBhutanChinaIndonesiaMalaysiaMyanmarPhilippines

Topics: Forests Parks Climate science Climate risk Climate Deforestation Conservation Inequality Natural resources NGOs Reforestation Research Animal welfare Global warming Reporting International cooperation Emissions Investment Carbon credits Biodiversity Financing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 03:00:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1636 words

Reading Time: 10 minutes read

Sentences: 46 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 22457501

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