We would like to congratulate the Fijian Government and acknowledge the work of First Nations (Fiji) Resource Foundation in their contributions to the National Carbon Market Strategy Roadmap. I think it is fair to say that COP29 in Baku was a disappointment for a lot of people, however this roadmap is a positive step forward in the South Pacific region. The gradual, but determined, shift away from almost complete reliance on international carbon companies to greater domestic governance and priorities is a very positive step in the right direction. We have been working with First Nations Fiji for over a year now to help develop their carbon industry. The leadership shown by Fiji is also important for other Small Island Developing States (SIDS) in effectively engaging in the carbon industry to generate core benefits to local communities. A few, amongst many, positive strategies and goals are; - Support the growth of new and emerging ‘home-grown’ methodologies that closely align with Fiji’s national priorities, contextual circumstances and development objectives and draw on a solid understanding of localised needs and capacity. - Collaborate with regional organisations to explore the establishment of a shared platform for project information, learning materials, and expert contacts. This platform will act as a regional knowledge-sharing hub that streamlines market information and facilitates peer-to-peer capacity building in the region. - High-integrity carbon markets, underpinned by robust monitoring, reporting and verification (MRV) processes, could offer advantages beyond climate finance and technology transfer. In voluntary and compliance markets, carbon credits validated to provide co-benefits and contribute to sustainable development goals (SDGs) are commanding premium prices and are in growing demand by companies seeking broader impacts beyond carbon reductions. For example, in Australia’s voluntary carbon market, Indigenous-led savanna burning. We look forward to achieving similar positive outcomes throughout the Indo-Pacific region, share insights from Indigenous-led carbon projects in Australia and happy to collaborate on how we are achieving successful policy outcomes. #DFAT #CMI #Fiji #Climate #Indigenous #DCCEEW #Carbon
Exciting News from Fiji! 🌏 We’re thrilled to share the launch of Fiji's National Carbon Market Strategy Roadmap, a bold step toward achieving net-zero emissions by 2050. This roadmap, unveiled at #COP29, sets the stage for transformative climate action, aligning Fiji’s carbon market initiatives with sustainable development goals and global commitments. Special thanks to the Fiji Government, the Australian Government (Australian Department of Foreign Affairs and Trade) and all the incredible stakeholders and communities who made this milestone possible. 📄 Learn more about this groundbreaking strategy → https://lnkd.in/gSbgeVp5 Thank you to Fiji One News for the news coverage. #Fiji #ClimateAction #CarbonMarkets #NetZero2050 #Sustainability #ClimateLeadership #EmissionsReduction #SustainableDevelopment #GlobalClimateAction #CarbonStrategy #Resilience #GreenFuture #CarbonNeutrality #ClimateSolutions