IFB Partner, Dr Axel Rossberg from Queen Mary University of London, recently presented results from his work within the Programme during two panel discussions at the Forestry and Agriculture Investment Summit in London.
For the first panel, Axel discussed the CE-EM Global Biodiversity Report - Market Dynamics: The Push and Pull of Supply & Demand on recent advances, barriers, and opportunities in biodiversity markets, to which he contributed as an expert on biodiversity, biodiversity metrics, and biodiversity credits.
The second panel went deeper into the topic of biodiversity metrics and explored the question, what are the KPIs for nature? Axel explained why widely agreed quantitative metrics for impacts on ecosystem integrity and services are unlikely to emerge and are, in fact, not necessary. Instead, the KPI for impact in this area is the demonstration of fair balancing of interests with affected communities. Axel explained that the global common goods problem of reducing species extinction risk, by contrast, requires a globally agreed metric, and in this case there's good agreement on the metric (the sum of relative changes in species' global abundances or ranges caused) and the KPI is a demonstrable net positive impact.