Biodiversity credits have the potential to accelerate funding for biodiversity conservation while benefiting local communities and biodiversity custodians. To make voluntary biodiversity credits work for nature and its custodians, we need to step out of the carbon credit framing for technical, social and practical reasons. This post is a commentary. The views expressed are those of the authors, not necessarily of Mongabay. Biodiversity conservation requires a fundamentally different approach to managing climate change, and their respective crediting systems need to accommodate that difference for technical, social and practical reasons. Carbon credits are created so that emitters can compensate on an annual basis. Biodiversity credits (biocredits) are created to stop and reverse species loss by addressing a multitude of threats, including permanent habitat loss, in hand with local biodiversity custodians. The nature of the problem they address is different. To make biocredits work for nature and its custodians, and to successfully accelerate funding for biodiversity conservation, a new framework is needed. Operationally speaking, a biodiversity credit system should deliver measurable ecological outcomes and long-term certainty to investors and biodiversity custodians. These ecological outcomes, represented in biocredits, can be transferred and sold to individuals and companies seeking to make claims on […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
