MongabayThere’s a new emerging innovative finance scheme to support biodiversity conservation: voluntary biodiversity credits. These are meant to be purely voluntary, “positive investment” in nature by the private sector and, in theory, should not be used to offset damage elsewhere.
By Shreya Dasgupta
https://news.mongabay.com/2024/03/are-biodiversity-credits-just-another-business-as-usual-finance-scheme/
#News #Conservation #Environment #Biodiversity #ClilmateChange
Are biodiversity credits just another business-as-usual finance scheme?
Nature is in crisis. Yet, there’s a massive $700 billion gap between the financing needed to stop biodiversity collapse versus what’s available each year. In December 2022, nearly 200 governments agreed to close this financial gap by 2030 by signing the Kunming-Montreal Global Biodiversity Framework (GBF) at COP15. With this goal only six years away, […]
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