BIOFIN sets out actions to scale biodiversity credit market in Colombia
Scaling the voluntary biodiversity credit market could help Colombia bridge the financing gap on ecosystem services preservation, though steps must be taken to improve integrity and unlock corporate investments, the UN Biodiversity Finance Initiative (BIOFIN) has said.
Read MoreINTERVIEW: High expectations for governments to back biodiversity markets in 2025
The ongoing environmental crises are unlikely to be solved unless crediting schemes move beyond just carbon, with governments now tasked with starting establishing common metrics on biodiversity to back the market uptake, a researcher at the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) told Carbon Pulse.
Read MoreSouth Korea to phase down subsidies for biomass due to environmental concerns
South Korea announced Wednesday it will phase down subsidies for private and state-owned biomass facilities following widespread criticism over their impact on climate as well as the industry’s role in fuelling deforestation.
Read MoreINTERVIEW: French biodiversity credit scheme risks incentivising offsetting over impact avoidance
The voluntary biodiversity credit scheme announced in France could incentivise offsetting over the reduction and avoidance of impacts on nature, as the underlying rules have raised serious doubts over their effectiveness in recent years, a biodiversity consultant has told Carbon Pulse.
Read MoreDeep shifts in tackling biodiversity crisis can unlock business opportunities in the trillions, report finds
Fundamental shifts in how the world deals with the biodiversity crisis are urgently needed to halt and reverse nature loss, and could generate over $10 trillion in business opportunity value if implemented immediately, according to a report released Wednesday by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).
Read MoreMajor asset managers lead opposition to biodiversity resolutions, NGO finds
Shareholders submitted a record number of biodiversity-related resolutions this year, though most of them have been blocked due to the opposition of some of the world’s biggest asset managers, an NGO has said.
Read MoreRestoration project in England sells second batch of biodiversity credits
A Newcastle-headquartered software consultancy and a London-based property investment company have purchased the second batch of voluntary biodiversity credits generated through a nature restoration project in England.
Read MoreIPBES reveals massive unaccounted cost of environmental crises
Current decision-making has largely failed to consider the interlinkages between the ongoing crises in biodiversity, climate change, water, food, and health, with unaccounted-for costs estimated at up to $25 trillion per year, according to a landmark report released Tuesday by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).
Read MoreAsset manager sets up Europe-focused biodiversity fund, targets raising €200 mln
A Luxembourg-headquartered asset manager has launched a fund aimed at supporting European companies and projects that contribute to biodiversity conservation and restoration, with the target of raising €200 million.
Read MoreSwiss hub launches to scale nature finance
A Switzerland-based non-profit has announced the establishment of a hub in the country aimed at advancing nature finance, with over 60 organisations interested in joining the initiative, Carbon Pulse has learned.
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