PREVIEW: High expectations that COP16 can boost demand for biodiversity credits
Scaling the voluntary biodiversity credit market, including through establishing a global framework to ensure integrity, will be among the core topics of discussion at the upcoming COP16 in Colombia, as standards and early movers see the summit as an opportunity to unlock corporate demand.
Read MoreClimate Impact Partners, Deloitte launch programme to fund UK seagrass restoration
Voluntary carbon market experts Climate Impact Partners and Deloitte launched on Wednesday a programme to unlock financing towards seagrass recovery in the UK, as part of a wider seagrass carbon code currently under development in the country.
Read MoreBNP Paribas, French NGO launch impact loan vehicle for coral reef conservation, target $35 mln
A French NGO has partnered with a business accelerator managed by BNP Paribas to launch an impact loan facility for scaling blended finance towards marine conservation efforts in the Global South, aiming to raise $35 million.
Read MoreMore than 6 mln ha of forests lost last year raise concerns over 2030 global targets, report says
Global deforestation rates are on the rise despite international high-level commitments towards 2030, with a loss of over 6 million hectares of forests only in 2023, according to an annual assessment released Tuesday.
Read MorePREVIEW: COP16 ‘temperature check’ for world’s pledges on nature
Delegates from nearly 200 countries will gather in Colombia at the end of this month for the COP16 biodiversity summit, in what observers call “a temperature check” for the world’s pledges on nature, amid political divisions on finance mobilisation threatening to hamper the implementation of the landmark Global Biodiversity Framework (GBF).
Read MoreCivil society organisations worldwide urge not to be ‘fooled’ by biodiversity credits
Over 270 civil society organisations and academics from around the world have penned a statement against the use of biodiversity credits and offsets, warning that market-based mechanisms pose significant risks to ecosystems and communities.
Read MoreEU biodiversity negotiator shares concerns on nature credits in meeting ahead of COP16
Nature markets took centre stage on Tuesday at the European Parliament’s environment (ENVI) committee meeting, with an EU biodiversity negotiator sharing concerns raised by some MEPs about the role of biodiversity credits in plugging the nature finance gap.
Read MoreUS de-extinction firm raises $50 mln to launch wildlife protection nonprofit
A US-based biotechnology and genetic engineering firm has secured $50 million to launch a foundation with the aim of driving innovation in species protection, it announced Tuesday.
Read MoreAustralia picks first methodology under Nature Repair Market scheme, opens consultations
The Australian government on Tuesday launched two one-month consultations on the biodiversity assessment instruments and methodology determinations of its Nature Repair Market (NRM) scheme, including eligible lands, activities, and monitoring guidelines.
Read MoreAzerbaijan applies to host 2026 biodiversity COP
Azerbaijan has officially submitted a bid to host the COP17 UN biodiversity summit, as the country prepares for the COP29 climate conference in Baku later this year, the government announced on Monday.
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