The United Kingdom’s flagship £500 million Blue Planet Fund, which supports marine environment programmes in developing countries like the Philippines, Indonesia and Vietnam, is in question, following news of a planned budget cut.
Local farmers will extend paddy drainage and adopt low-emission methods to generate government-certified J-Credits, creating a new revenue stream from climate-friendly rice cultivation.
The government proposed allowing steel, cement and other export-exposed sectors to cut chargeable emissions by up to 80 per cent as carbon pricing begins in 2026. Experts warned this could undermine decarbonisation investments.