Let’s start the weekend with some really good news about our planet and our Episode #1 of the Good Planet News! Here’s how the world is stepping up for sustainability:
1. Germany’s National Circular Economy Strategy
As you know, we love the circular economy at Reegy! That’s why we’re thrilled that Germany has unveiled its National Circular Economy Strategy (NKWS), a pivotal step towards a resource-efficient economy.
The strategy focuses on:
- Reducing primary raw material consumption: Aiming to decrease the use of virgin materials to preserve natural resources.
- Closing material loops: Enhancing recycling and reuse to keep materials in circulation longer.
- Sustaining resource value: Ensuring products and materials retain their value throughout their lifecycle.
This initiative is a key element in achieving Germany’s climate targets and fostering a sustainable economy.
While the Association of German Engineers (VDI) and others praised this initiative, it was criticized by Deutsche Umwelthilfe for lacking actionable details. Even so, this is a step in the right direction toward achieving Germany’s climate targets.
While the strategy isn’t perfect this is certainly a step in the right direction!
🔗 Read more: Press release by the Germany’s Circular Economy Strategy and the entire 160-page strategy paper here
2. National Red Sea Sustainability Strategy
Saudi Arabia has launched the National Red Sea Sustainability Strategy, aiming to preserve and enhance the Red Sea’s unique marine environment. This comes only days after the devastating environmental damage from the sinking of a cargo ship. The strategy focuses is based on 5 objectives:
- Environmental sustainability
- Economic development
- Social development
- Safety & security
- Governance & collaboration
It aims at implementing measures to protect coral reefs, mangroves, and seagrass beds, which are vital for biodiversity and coastal protection. The strategy also wants to increase the coverage of marine and coastal protected areas from 3% to 30% by 2030.
With travel being one of the largest revenue-sources in the region, the strategy promotes eco-friendly tourism practices that allow economic growth while minimizing environmental impact. This involves engaging local communities in conservation efforts to ensure sustainable livelihoods and foster environmental stewardship.
The Red Sea is the world’s fourth-largest barrier reef system, and home to a large percentage of the globe’s coral reefs and hundreds of islands. Such an amazing ecosystem deserves to be preserved and protected at all costs!
Did you know we support coral reef reforestation with our partner Social Diving!?
🔗 Read more: National Red Sea Sustainability Strategy
3. Climate Investment Funds’ Support for Ethiopia
While strategies are a great start, here is some real actionable money going toward protecting our environment:
The Climate Investment Funds (CIF) have endorsed a $500 million investment plan initiative to assist Ethiopia in restoring degraded lands, protecting forests, and enhancing food security. This includes a $37 million investment from CIF’s Nature, People, and Climate program, aiming to mobilize additional co-financing from entities like the World Bank and African Development Bank.
The plan aims to restore degraded lands, protect forests, enhance food security, and improve livelihoods, aligning with Ethiopia’s sustainable development goals.
This also includes new carbon credits programs to reward environmentally friendly business practices and measures.
🔗 Read more: CIF press release
Make your own good news for the planet
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Reegy is a complete software solution for ESG & Carbon Footprint Management. Our Reegy Eco Hub enables enterprises, financial institutions and governmental organizations to manage their climate action in one central location along the entire value chain. Track, measure, reduce, and offset your carbon emissions, disclose them to regulators, stakeholders, and customers and lead your company to Net Zero on autopilot!