INTERVIEW: Boost in compliance biodiversity credit schemes after Cali needed to attract carbon players
The COP16 summit has the potential to drive an increasing number of governments to set up compliance nature credit schemes, which carbon players see as a key condition for swarming into the biodiversity space, a consultancy firm has told Carbon Pulse.
Read MoreCOP16: Brazilian organisation clinches deal to sell first biodiversity credits
A Brazilian organisation is set to market its first biodiversity credits generated through three separate projects across the country, with a philanthropic institution already committed to buying them.
Read MoreCOP16: Guterres urges governments to ramp up efforts on nature financing, national plans
Governments at the ongoing COP16 biodiversity summit must ramp up their efforts to break the deadlock on the toughest issues under discussion, as talks still hang in the balance with only two days to go, the UN secretary-general told a press conference on Wednesday.
Read MoreCOP16: ANALYSIS – Who wants to talk about debt?
A spat on sovereign debt reform threatens to overheat talks at the ongoing UN biodiversity summit in Cali, as the UK and China have so far strongly opposed calls to address the issue in the final agreement, with potentially grave consequences on developing countries’ ability to effectively tackle the biodiversity crisis, according to experts.
Read MoreCOP16: Verra unveils nature framework, plans to list first biodiversity credits in April
Carbon crediting standard Verra on Tuesday officially unveiled its long-awaited nature framework for the voluntary biodiversity credit market, expecting to register the first batch of projects from April next year.
Read MoreCOP16: Environmental consultancy releases global biodiversity metric
A Denmark-headquartered environmental consultancy on Monday released an open-access metric for measuring the biodiversity value of habitats on sites around the world, with potential applications in corporate disclosures as well as the emerging biodiversity credit market, the company told Carbon Pulse.
Read MoreCOP16: BRIEFING – IAPB framework unlikely to prevent international offsetting unless governments step in
Governments need to take urgent action to avoid perverse uses of biodiversity credits, including cross-border offsetting, as the International Advisory Panel on Biodiversity Credits (IAPB) believes its newly launched framework alone won’t be a sufficient safeguard, its co-chairs told Carbon Pulse.
Read MoreCOP16: International panel releases framework for biodiversity credit markets
An influential panel led by the UK and France on Monday released its long-awaited framework to steer and scale the development of high integrity biodiversity markets, advising against secondary markets transactions and ruling out the use of non-local credits for offsetting except for contribution purposes.
Read MoreCOP16: Biodiversity credit standard launches with focus on forest production landscapes
A Swedish consortium on Saturday announced a global biodiversity credit standard focused on production landscapes, with plans to establish an independent, non-profit standard-setting organisation within six months.
Read MoreCOP16: African organisation, German nature tech outfit to market $35 mln of nature units
Africa’s largest conservation organisation and a Germany-based nature tech company are set to issue 14,000 nature units, for a total value of approximately $35 million, generated through conservation projects across four African countries, Carbon Pulse has learned.
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