Net Zero Transition > Industrial Decarbonisation > No role for biodiversity credits to meet global $20-bln goal for nature -minister

No role for biodiversity credits to meet global $20-bln goal for nature -minister

Published 16:01 on May 17, 2023 / Last updated at 00:48 on May 18, 2023 / / Nature & Biodiversity, Net Zero Transition (Industrial Decarbonisation)

Nature & Biodiversity Pulse

The funds to meet a $20 billion finance target for biodiversity by 2025, a key component of last year's landmark Global Biodiversity Framework (GBF), should not come from biodiversity credits, according to the Samoan minister for environment speaking during an event on Wednesday, with other stakeholders also suggesting the nascent market is not likely to be ready to scale sufficient finance within less than three years.
The funds to meet a $20 billion finance target for biodiversity by 2025, a key component of last year's landmark Global Biodiversity Framework (GBF), should not come from biodiversity credits, according to the Samoan minister for environment speaking during an event on Wednesday, with other stakeholders also suggesting the nascent market is not likely to be ready to scale sufficient finance within less than three years.


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