COP16: 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.
Read MoreCOP16: TNFD hits target of 500 adopters
A further 86 organisations have committed to report on their biodiversity impacts and dependencies under the Taskforce on Nature-related Financial Disclosures (TNFD), bringing the total to 502 adopters with $6.5 trillion in market capitalisation.
Read MoreCOP16: NGOs file complaint to UNEP for backing TNFD
A group of NGOs said Thursday they have filed a complaint to the UN Environmental Programme (UNEP), arguing that its backing of the Taskforce on Nature-related Financial Disclosures (TNFD) has undermined environmental stewards and rights holders.
Read MoreCOP16: Nature tech market nears $2 bln as investments in biodiversity credits increase
Nature tech startups are projected to attract up to $2 billion in venture capital (VC) investments by the end of this year, with significant growth in early-stage involvement, particularly in the MRV and biodiversity credits category, according to data presented on Thursday at the COP16 UN biodiversity summit.
Read MoreCOP16: Carbon registry launches biodiversity credit programme, kickstarts pilot phase
A carbon registry on Wednesday officially launched its biodiversity credit programme, inviting project developers to join its two-year pilot phase.
Read MoreCOP16: Trio releases high-level principles for biodiversity credit market
Three international organisations on Wednesday released a set of 21 high-level principles (HLPs) for biodiversity credits in a move designed to encourage the multitude of global market initiatives to align with a set of collective fundamentals.
Read MoreCOP16: Colombia eyes regulated carbon, biodiversity markets to meet nature financing targets under updated NBSAP
Colombia plans to rely on regulated carbon and biodiversity credit markets to meet its financing targets under its newly released National Biodiversity Strategy and Action Plan (NBSAP), government officials told Carbon Pulse at the ongoing COP16 UN biodiversity summit.
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