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A major biodiversity fund – which could, in theory, generate billions of dollars annually for conservation – received its first donation of just $1,000 in November.

The Cali Fund was created under the UN Convention on Biological Diversity (CBD) at the COP16 nature negotiations in Cali, Colombia, last year.

On 19 November, nine months after the fund officially launched, UK start-up TierraViva AI put forward the first contribution.

The $1,000 payment is an “ice-breaker”, the company’s chief executive tells Carbon Brief, aimed at encouraging others “who may be hesitating” to pay in.

The fund is designed to be a way for companies that rely on nature’s genetic resources to share some of their earnings with the developing, biodiverse countries where many of the original resources are found.

Companies use genetic data from these materials to develop products, such as vaccines and skin cream.

One expert describes the $1,000 as a good “first step”, but says it is “time for larger actors to step forward”. Another says it “squarely points the finger to the profit-making enterprises that are not contributing”.

The CBD is “pleased” about the first payment, a spokesperson tells Carbon Brief, adding that “many discussions” are ongoing about future donations.

Funding biodiversity action

Companies all around the world use genetic materials from plants, animals, bacteria and fungi often found in biodiversity-rich, global south countries to develop their products.

There are existing rules in place to secure consent and ensure compensation if companies or researchers travel to a country to physically gather these materials.

Today, however, much of this information is available in online databases – with few rules in place around access. This genetic data is known as digital sequence information (DSI).

The Cali Fund is part of an effort to close this loophole.

The COP16 agreement on the creation of the fund outlined that large companies in several sectors, including pharmaceutical, cosmetic, biotechnology, agribusiness and technology, “should” contribute a cut of the money they earn from the use of these materials. (See: Carbon Brief’s infographic on DSI.)

The money is intended to fund biodiversity action, with 50% of resources going to Indigenous peoples and local communities who protect vast swathes of the world’s nature and biodiversity.

These contributions, however, are voluntary.

The fund officially launched at the resumed COP16 negotiations in Rome in February 2025, where a spokesperson for the CBD said that first contributions could be announced in spring.

However, Carbon Brief reported in August that the fund was still empty.

On 19 November, the first contribution was announced during the COP30 UN climate summit. At $1,000, the amount was significantly lower than the potential millions that larger companies could pay in. 

A UK government press release described it as a “major milestone” that will “pav[e] the way for others to do the same and mobilise private sector finance for nature at scale”.

The contribution page on the Cali Fund website, which shows the first payment of $1,000.
The contribution page on the Cali Fund website, which shows the first payment of $1,000. Source: Multi-Partner Trust Fund Office.

The payment was an “expression of our commitment to the objectives of the Cali Fund”, TierraViva AI chief executive Dr Paul Oldham wrote in a letter to the executive secretary of the CBD, Astrid Schomaker.

The $1,000 is an “initial contribution”, Oldham said, and the company plans to give more “as our business grows”. Based in the UK with a team of programmers in Nairobi, TierraViva AI was set up in 2023 and uses AI to support conservation.

An anthropologist who worked on Indigenous peoples’ rights in the Amazon, Oldham’s research helped inform the list of sectors most likely to “directly or indirectly benefit from the use of DSI”, including “generative biology” and AI companies.

Oldham noted in a speech at the sidelines of COP30 that although the company’s earnings are not large enough to meet the contribution thresholds set out in the Cali Fund agreement, its contribution showed that companies “of any size” can pay in.

Mary Creagh CBE MP (account name @MaryCreagh_) says in a tweet: "Delighted to announce the first private sector contribution to the Cali fund by UK company Tierra Viva Al. The fund will mobilise private sector finance for nature. At least half will go to indigenous peoples and local communities." A photo is attached to the tweet, showing two men and one woman smiling at the camera.

He tells Carbon Brief that while “some” companies “are not serious about contributing and are seeking to delay” paying into the fund, others have different concerns, including the “need for a level playing field” and positive incentives to contribute:

“This will be hard-earned company money, so it’s reasonable enough to imagine that one of the first questions companies will want an answer to is: ‘well, what is this actually going to be spent on?’ And: ‘what is the benefit of this to us’, which is likely to vary by sector.

“In my view, the best way forward would be for companies that can to make contributions. That would give everybody, including governments, confidence that there might be constructive ways to address difficult topics.” 

Future contributions

A spokesperson for the CBD tells Carbon Brief:

“We are pleased that the Cali Fund is not only ‘open for business’, but that this first contribution also demonstrates it is fully operational. We thank and congratulate TierraViva AI for being the first company to step up.”

“Many discussions” are ongoing around future donations to the fund, the spokesperson says, and the CBD is “hopeful that further announcements can be made soon”, ahead of the next UN biodiversity summit, COP17, in October 2026.

Asked whether the CBD was expecting more contributions at this stage, the spokesperson says the fund was set up in “very short order” and that the first payment shows that companies are “able to contribute”.

US biotechnology company Ginkgo Bioworks was the first to pledge to contribute to the fund earlier this year, but has so far not put forward any money. The company did not respond to Carbon Brief’s request for comment.

Carbon Brief reported earlier this year that at least two companies were contacted by a UK department with opportunities to be involved in the Cali Fund before its launch in February, but no company took up on the offer.

Launch of the Cali Fund at the resumed COP16 negotiations in Rome, Italy on 25 February 2025.
Launch of the Cali Fund at the resumed COP16 negotiations in Rome, Italy on 25 February 2025. Credit: IISD/ENB | Mike Muzurakis.

The first contribution coming from a “startup that has just begun operations squarely points the finger to the profit-making enterprises that are not contributing”, Dr Siva Thambisetty, associate professor of law at the London School of Economics, tells Carbon Brief. Thambisetty adds:

“Strident cries of lack of legal certainty, unfairness or stacking obligations [combining responsibilities from different agreements and laws] would be more credible if industry organisations encouraged large firms that use DSI to begin contributing, instead of denying the last 20 years of multilateral [negotiations] that have led to this point.”

Dr June Rubis – Indigenous peoples and local communities (IPLC) lead from Asia on the Cali Fund’s steering committee – welcomes TierraViva AI’s “first step”, but tells Carbon Brief that the “real test lies ahead” and that it is “now time for larger actors to step forward”.

She says the Cali Fund offers “clarity” on how the private sector can directly increase support to UN-backed funds at a time when “states are retreating” from their climate and biodiversity finance obligations:

“It’s not a voluntary offsetting scheme or a…risky or fringe fund; it’s a multilateral mechanism designed to meet the highest fiduciary and equity standards. We invite companies to see this not as philanthropy, but as participation in a globally endorsed system where trust is institutionalised, benefits are traceable and equity is operationalised.

“Contributing to the Cali Fund isn’t just ethical, it’s strategic. [But] It’s about more than funding: it’s about trust, power-sharing and making sure IPLCs are part of the decisions, not just the outcomes.”

The post ‘Cali Fund’ aiming to raise billions for nature receives first donation – of just $1,000 appeared first on Carbon Brief.

‘Cali Fund’ aiming to raise billions for nature receives first donation – of just $1,000

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Climate Change

Vanuatu pushes new UN resolution demanding full climate compensation

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Countries responsible for climate change could be required to pay “full and prompt reparation” for the damage they have caused, under a new United Nations resolution being pursued by the Pacific island state of Vanuatu, an initial draft shows.

The resolution seeks to turn into action last year’s landmark advisory opinion from the International Court of Justice (ICJ), which found that states have a legal obligation to prevent climate harm and that breaches of this duty could expose them to compensation claims from affected countries.

Under the “zero draft” of the resolution seen by Climate Home News, the UN’s General Assembly, its main policy-making body, would also demand that countries stop any “wrongful acts” contributing to rising emissions, which may include the production and licensing of planet-heating fossil fuels.

Gas flaring soars in Niger Delta post-Shell, afflicting communities

‘Demand’ is the strongest verb calling for an obligation to comply in UN language, but it is rarely used in a resolution.

Countries would also be called upon to respect their legal obligations by enacting national climate plans consistent with limiting global warming to 1.5C and by adopting appropriate policies, including measures to “ensure a rapid, just and quantified phase-out of fossil fuel production and use”, the document shows.

End of March vote targeted

The draft, meant as a starting point for negotiations, was circulated last week by the government of Vanuatu following discussions with a dozen nations, including the Netherlands, Colombia and Kenya.

Countries are expected to take part in informal consultations between February 13-17 aimed at agreeing on wording that would secure broad support among UN member states, according to a statement from Vanuatu, which also led the diplomatic drive for the ICJ’s advisory opinion. A vote on the follow-up resolution could take place by the end of March, it added.

    Ralph Regenvanu, Vanuatu’s climate minister, said respecting the court’s decision is “essential for the credibility of the international system and for effective collective action”.

    “At a time when respect for international law is under pressure globally, this initiative affirms the central role of the International Court of Justice and the importance of multilateral cooperation,” he added in written comments.

    New damage register and reparation mechanism

    If adopted in its current form, the draft resolution would also create an “International Register of Damage”, which is described as a comprehensive and transparent record of evidence on loss and damage linked to climate change.

    It would also ask the UN secretary-general to put forward proposals for a climate reparation mechanism that could coordinate and facilitate the resolution of compensation claims and promote financial models to help cover climate-related damage.

    The fledgling Fund for Responding to Loss and Damage (FRLD) – set up under the UN climate change regime – is set to hand out money to the first set of initiatives aimed at addressing climate-driven destruction later this year. However, the just-over $590 million currently in the fund’s coffers is dwarfed by the scale of need in developing countries, with loss and damage costs estimated to reach up to $400 billion a year by 2030.

    Like other small island nations, Vanuatu is among the world’s most vulnerable countries to the effects of climate change, while having contributed the least to global warming. Last year’s ICJ decision stemmed from a March 2023 resolution led by the Pacific nation asking the world’s top court to define countries’ legal obligations in relation to climate change.

    Regenvanu said in September 2025 that it was important to follow up the ICJ ruling with a new UNGA resolution because it could be approved by a majority vote, while progress can be blocked in other fora like the UN climate negotiations that require consensus for decisions.

    The post Vanuatu pushes new UN resolution demanding full climate compensation appeared first on Climate Home News.

    Vanuatu pushes new UN resolution demanding full climate compensation

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    Climate Change

    China maximises battery recycling to shore up critical mineral supplies

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    Even the busiest streets of Shanghai have become noticeably quieter as sales of electric vehicles (EVs) skyrocketed in China, with charging points mushrooming in residential compounds, car parks and service stations across the megacity.

    Many Chinese drivers have upgraded their conventional vehicles to electric ones – or already replaced old EVs with newer models – incentivised by the government’s generous trade-in policies, or tempted by the latest hi-tech features such as controls powered by artificial intelligence (AI).

    “Different from conventional cars, EVs are more like fast-moving consumer goods, like smartphones,” explained Mo Ke, founder and chief analyst of Tianjin-based battery-research firm, RealLi Research. Their digital systems can become outdated quickly, so Chinese people typically change their EVs after five or six years while a conventional car can be driven much longer, he told Climate Home News.

    EV sales surpassed 16 million in China last year. Roughly 10% of all vehicles on the road were electric, and half of all new vehicles sold carried a green EV number plate, with an average of 45,000 EVs rolling off the production lines each day.

    But while fast-growing EV uptake is good news for Chinese EV and battery manufacturers, it is creating a huge volume of spent batteries.

    Tsunami of spent batteries

    Last year, China generated nearly 400,000 tonnes of old or damaged power batteries, largely consisting of vehicle batteries, according to government data. That is projected to rise to one million tonnes per year in 2030, officials forecast.

    The growing waste problem has spurred the government to launch a series of new policies aimed at regulating the country’s battery recycling industry, which though well-established is marked by a high degree of informality – especially in the lucrative repurposing sector where discarded EV batteries are given a new lease of life in less energy-intensive uses, such as power storage.

      China is determined to build a “standardised, safe and efficient” recycling system for batteries, Wang Peng, a director at China’s Ministry of Industry and Information Technology, told a press conference as the government launched a recycling industry push in mid-January.

      A policy paper published by the government last month detailed Beijing’s plans to mandate end-of-life recycling for EVs together with their batteries to prevent them from entering the grey, informal market, and establish a digital system to track the lifecycle of every battery manufactured in the country. Under the plans, EV and battery makers will be held responsible for recycling the batteries they produce and sell.

      “The volume of the Chinese market is too big, so it has to take actions ahead of other countries,” Mo said, adding that he expected the government to release more details about implementation of the plans in the near future.

      Critical minerals choke point

      China’s strategy for the battery recycling sector could also prove a boon for the world’s largest battery producer by bolstering its supply of minerals such as lithium, cobalt, nickel and manganese.

      Along with the looming large-scale battery retirement, policymakers’ focus on battery recycling also reflects concern about critical minerals supplies, said Li Yifei, assistant professor of environmental studies at New York University Shanghai. “The government also felt the increasing pressure of securing resources,” he told Climate Home News.

      “When you set up an efficient battery-recycling system, you essentially secure a new source for critical minerals, and that can help you enhance economic security. That’s why the industry is so important,” Lin Xiao, chief executive of Botree Recycling Technologies, a Chinese company offering battery-recycling solutions, told Climate Home News.

      Cobalt and nickel-free electric car batteries boom in “good news” for rainforests

      China dominates global refining of several minerals critical for producing EV batteries, but it still relies on imports of the raw materials – a choke point Beijing is acutely aware of, industry experts say.

      China imports more than 90% of its cobalt, nickel and manganese, which are important ingredients for EV batteries, Hu Song, a senior researcher with the state-run China Automotive Technology and Research Centre, told China’s CCTV state broadcaster in June 2025. For lithium, the figure was around 60% in 2024, according to a separate report.

      “If [those] resources cannot be recycled, then we will keep facing strangleholds in the future,” Hu said.

      Big players gain ground

      Spent EV batteries can be reused in settings that have lower energy requirements, such as in two-wheelers or energy-storage systems. When they become too depleted for repurposing, they can be scrapped and shredded into “black mass”, a powdery mixture containing valuable metals that can be recovered.

      Reflecting the size of China’s EV market, the country already dominates global battery recycling capacity. It is home to 78% of the world’s battery pre-treatment capacity, which is for scrapping and shredding, and 89% of the capacity for refining black mass, according to 2025 forecasts by Benchmark Mineral Intelligence, a UK firm tracking battery supply chains.

      A number of large corporate players have emerged in the sector in recent years.

      Huayou Cobalt, a major producer of battery minerals, has built a business model for recycling, repurposing and shredding old batteries, as well as refining black mass and making new batteries using recovered materials.

      It recently signed a deal with Encory, a joint venture between BMW and Berlin-based environmental service provider Interzero, to develop cutting-edge battery-recycling technologies, with their first joint factory set to open in China this year.

        Suzhou-based Botree Recycling Technologies has developed various solutions to turn retired power batteries into new ones. Meanwhile, Brunp Recycling, the recycling arm of Chinese battery giant CATL, has built large factories to recycle lithium iron phosphate (LFP) batteries, a type of lithium battery that does not use nickel or cobalt, as well as nickel manganese cobalt (NMC) batteries, which are more popular outside of China.

        But Mo, of RealLi Research, said much remains to be done to regulate and formalise the battery recycling industry.

        Underground workshops

        Across China, small underground workshops plague the repurposing sector, rebundling depleted batteries for sale without following industry standards or complying with health and safety requirements.

        Because these operators have lower operational costs, they are able to offer higher prices to EV owners to buy their old batteries, undercutting formal recycling companies.

        “This creates distortions in the market where legitimate players, who invest in proper detection, hazardous waste treatment and compliance, struggle to compete purely on price,” a spokesperson at CATL, the world’s largest battery manufacturer, told Climate Home News.

        Despite such challenges, CATL’s Brunp subsidiary produced 17,100 tonnes of lithium in 2024 from the 128,700 tonnes of depleted batteries it recycled that year, according to CATL’s annual report.

        Recycling expertise in demand

        Since it was founded in 2019, Botree has formed partnerships with several major clients, which together recycle about half of China’s power batteries, the company’s CEO Lin said.

        As other countries grapple with rising volumes of spent batteries, Chinese recyclers are also finding new foreign markets for their know-how.

        Botree has joined forces with Spanish consulting firm ILUNION and renewable energy company EFT-Systems to build a factory to recycle LFP batteries in Valladolid.

        The plant, scheduled to start operation in 2027, will be able to recycle 6,000 tonnes of LFPs annually when it opens, accounting for roughly 15% of demand in the Spanish market.

        “(The companies) tell us what batteries they recycle and what battery materials they want to regenerate,” Lin said. “We can design a complete process for them.”

        The post China maximises battery recycling to shore up critical mineral supplies appeared first on Climate Home News.

        China maximises battery recycling to shore up critical mineral supplies

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        Climate Change

        A Groundbreaking Geothermal Heating and Cooling Network Saves This Colorado College Money and Water

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        When a former oil and gas developer partnered with Colorado Mesa University on geothermal, the school saved millions and set a new standard for energy-efficient buildings.

        GRAND JUNCTION, Colo.—The discussions started roughly a decade ago, when an account manager at Xcel Energy, the electricity and gas utility provider, expressed confusion, officials at Colorado Mesa University recalled.

        A Groundbreaking Geothermal Heating and Cooling Network Saves This Colorado College Money and Water

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