There are working examples of biodiversity credits emerging via voluntary market project developers and methodologies, as well as jurisdictional schemes. These offerings variously cover species, ecosystem and habitat credits. Project developers starting to offer credits in the voluntary space include: Savimbo, CreditNature, ValueNature, Replanet, Terrasos, Ekos, South Pole, Environment Bank, Wilderlands, CarbonZ and Orsa BesparingsskogContinue reading “How many working examples of biodiversity credit schemes are already on the market? How many are expected?”
Level of confidence Archives
Are biodiversity credits expected to be traded locally? Internationally?
Currently there are no secondary markets established for biodiversity credits. So far, the frontrunner biodiversity crediting programs are focused on mainly domestic markets. As there is no formal framework for international trading of biodiversity credits today and many countries maintain concerns about introducing this approach for biodiversity given the different values of biodiversity worldwide areContinue reading “Are biodiversity credits expected to be traded locally? Internationally?”
What’s the actual or expected price per unit?
The market has not converged around a single unit. Pilot schemes differ in the credit unit, project length, area per credit, and underlying methodology, and the prices (where available) vary accordingly. For most existing schemes, pricing data is not yet available. An existing informal registry indicates that CarbonZ has three credit types on offer, whichContinue reading “What’s the actual or expected price per unit?”
Can a carbon credit and a biodiversity credit be issued from the same parcel of land?
Yes, if additionality criteria are met, as set out by the emerging standards. Initial claims guidance (soon to be released from the World Economic Forum and McKinsey & Company) will advise on how such stacked credits can support claims.
How is a biodiversity credit different from a biodiversity offset? / Can biodiversity credits be used to compensate for negative impacts on biodiversity?
Broadly speaking, a “biodiversity credit” is an instrument that can potentially be used in a variety of ways, while an “offset” points specifically to the use of a unit to either meet regulatory requirements or to make claims (to the public or specific stakeholders) about what an organization, project or product has achieved in termsContinue reading “How is a biodiversity credit different from a biodiversity offset? / Can biodiversity credits be used to compensate for negative impacts on biodiversity?”
Are biodiversity credits tradable and how are they retired?
Biodiversity credits are not currently traded in any secondary market (NatureFinance, 2023). While biodiversity offset units in the compliance market can be retired, the application of this concept in the voluntary biodiversity credit market remains unclear (NSW Government, 2023).