Markets working to support sustainable development

In the News: May 7th 2015

07 May 2015

Here you will find a round-up of all the latest news and events in mechanisms from around the world.


  • From Myanmar, there are reports of the roll-out of the Extractive Industries Transparency Initiative (EITI). There are plans for multi-stakeholder groups bringing together government, civil society and private sector actors to be set up in four regions; Magwe, Mandalay, Rakhine and Shan, ahead of a national scheme. Read more here.
  • Meanwhile in Nigeria, an Ibadan-based NGO has partnered with the Nigerian branch of the EITI to organise a forum aimed at promote greater transparency about how much revenue  is being made by  the national oil industry and to which departments and agencies that revenue is being dispersed.
  • In Cambodia, the Ministry of Mines and Energy has worked with small-scale gold miners to establish Cambodia's first licensed mining community. The Secretary of State Meng Saktheara, said “This is the first time we [have] started formalising illegal small-scale miners [in an effort] to improve their living conditions,” he said. “When they become an official artisanal mining community they are protected by the law and receive training and support from the government too.”

Forest in Guatemala. Source: Wikipedia


  • The Guatemalan Association of Forestry Communities in the Peten (ACOFOP) has certified their forest products to the Forest Stewardship Council standards, as reported by Greenbiz.
  • Research from the UN- REDD programme and the Government of Zambia found that forest ecosystems in the country produces 6.3 per cent of the country’s GDP, and that beyond wood products, ecotourism, carbon storage and other ecosystem services contributed 2.5 of the total GDP figure. Read more here.

Supply chain and standards

  • The Carbon Disclosure Project has announced that in the 8th year of its supply chain program,  there was 75 major purchasing entities (defined as private companies, government organisations and large NGOs which have active supply chains) now requesting disclosure of  climate impacts by  their suppliers, numbering some 7,700 companies.
  • Greenbiz offered 5 ways to improve the transparency of supply chains. It reported on lessons learned by organisations like the Marine Stewardship Council, and companies like Cargill and PWC. These include using certification systems and standards to be informed of the full depth of a supply chain, having accurate data, and using better triple bottom line accounting methods. Read more here.
  • Revisions to the ISO 14001 environmental management standard have been released, with updates on the 2004 edition including greater emphasis on the reliability of information, risk evaluation and life cycle analysis. Following a ballot of members in July and August the new standard will be published in September.

Biogas digester. Source: Wikipedia 

Climate and carbon

  • The Obama administration has announced plans to include farmers in 'incentive-based initiatives' such as cap-and-trade schemes. This would mean farmers – in the relevant states such as California – may be able to receive payments when they reduce their  methane emissions through the use of machines such as biogas digesters.
  • UN Environment Program Director Ibrahim Thiaw spoke at the 9th Community-based Adaptation conference in Nairobi last week of the need for greater cooperation between multilateral agencies and private co-operations to source greater funds for climate adaptation.
  • The US, Canada, Japan and Australia have missed the deadline to send contributions to the Green Climate Fund, meaning that green energy projects will be delayed in developing countries while the fund is short of several hundred US$ million. Hela Cheikrouhou, the executive director the fund told a press conference “We now call upon all other governments to urgently finalise their agreements to ensure the Fund can start allocating its resources as planned”.