Leaders of the IFB Programme and CSFL are joining forces for a lunchtime discussion on one of the major publications to emerge from COP16 in Cali.
Franziska Schrodt and Richard Field of the University of Nottingham are Theme and Flagship leaders within the IFB programme and technical co-leads of the workgroup that developed the newly released Framework, will provide an overview of the framework followed by an opportunity for Q&A and discussion.
The International Advisory Panel on Biodiversity Credit’s new Framework for High-Integrity Biodiversity Credit Markets marks a key step in aligning biodiversity financing with meaningful conservation outcomes and ethical market practices. It underscores the importance of biodiversity credits that ensure verified outcomes for nature, uphold equity and fairness, and foster good governance in credit markets and provides guidelines for achieving this ambition.
Some key points within the Framework:
- Developing scalable, high-integrity biodiversity credits and markets is achievable at the necessary scale and speed.
- "High integrity" signifies outcomes that are verified for nature, equitable for communities, and governed responsibly.
- Recognizing the essential role of Nature’s stewards is crucial; their knowledge, values, and traditions should be upheld and respected.
- Biodiversity credits can facilitate measurable contributions to Nature goals, compensate for local biodiversity impacts under strict criteria, and support "insetting" within buyers' supply chains. IAPB explicitly excludes international biodiversity offsetting.
- Urgent, ambitious collective leadership is vital from all market participants to rapidly expand high-integrity biodiversity credit markets.