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 …
The biodiversity market mirage
In this collective report, presented at the opening of the Un Convention on Biological Diversity COP16 in Cali, Colombia, we take a closer look at biodiversity offsets and credits, which are part of the plethora of market based schemes that are being presented as antidotes to the biodiversity crisis. Biodiversity offsets are in fact policy …
Civil Society Statement on Biodiversity Offsets and Credits
We, the undersigned, express our grave concerns about biodiversity crediting, offsetting, and related trading schemes. They are the wrong answer to the wrong question, have no environmental integrity, will lead to the displacement of populations, undermine food systems, create conflicts over land use and tenure rights, in order to enable elites especially in the Global …
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