The EU’s Committee of the Regions just published a report called "Designing nature credits: A framework to promote biodiversity and ecosystem services. »We explain in our short brief below why these nature credits will create national security, environmental, social and economic issues, and will most likely not benefit EU regions. Download our brief here
The many questions raised by the Tropical Forests Forever Facility
During the COP16 in Cali, officials from countries around the world stated their support for the Tropical Forests Forever Facility, an initiative from the Brazilian government to pay for the maintenance and restoration of tropical forests that was first presented at COP28. First, we find this instrument to be structured in a rather imbalanced way …
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A predictable environmental failure – GFO’s assessment of IAPB’s framework for high integrity biodiversity credit markets
We find that IAPB/BCA/WEF’s vision of biodiversity credit markets, while not being the absolute worst possible one, still fails to address the well-documented environmental social issues of biodiversity offsetting. For this reason, it should be rejected. Local offsetting, while not being as bad as global offsetting, is still defined far too broadly; secondary market trading …