‘Illusionary’ biodiversity credits enable ‘magical thinking’, non-profit claims

Carbon Pulse

11 January, 2024

Biodiversity credit markets risk distracting governments from their role in financing nature by taking up limited time and capacity, the non-profitCampaign for Nature has claimed in a paper. “Inflated” claims on the potential scale of voluntary biodiversity credit markets could result in governments abdicating their public responsibilities for nature, the campaign group said. Mark Opel, the conservation finance adviser at Campaign for Nature, said: “Biodiversity credits … enable magical thinking that somehow innovative finance is going to come to the rescue and meet the promises in the Global Biodiversity Framework (GBF), without any additional government changes in policy.”

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