This collective document answers some of the most important questions regarding biodiversity offsets and credits, from what they are to why they are deeply problematic as tools for biodiversity protection. These approaches fundamentally misunderstand the uniqueness and complexity of ecosystems, making the idea of substituting one ecosystem for another scientifically unsound and ethically questionable. The …
Roadmap to ruin
EU’s roadmap for nature credits confirms the fears we expressed about the leaked version. We understand that nature credits will most likely be used as international compliance offsets, despite the consensus that biodiversity offsetting is impossible in most cases. We note that privatising conservation policies will weaken them by introducing a profitability requirement. We believe …
Roadmap towards what exactly? 4 concerns about EU’s roadmap draft towards nature credits
We find that EU's €37bn biodiversity funding gap could be closed entirely by redirecting existing subsidies to harmful activities; While we understand the political trade-offs that led to choosing instead to privatise and financialise EU's conservation policies, we find that "making nature investable" is not compatible with the public good nature of most ecosystems and …