Biodiversity Credits and a Market for Nature
09:00 – 10:30
Centre International de Conférences Genève - Room B
The growth in the carbon credit market is generating unprecedented monetisation opportunities for biodiversity through nature-based solutions for climate. Some critics argue that the market is not currently effectively valuing the additional biodiversity and social co-benefits, or even negative impacts, in the pricing of these nature-based carbon credits. In addition, carbon markets are currently favouring restoration credits and not conservation, or avoided deforestation, credits. More effectively monetising conservation outcomes is critical to closing the global conservation funding gap, estimated at over US$800 billion per year. In response to these challenges and opportunities, there is increasing interest in the development of a biodiversity credit and a market for nature.
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